2023 INR to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 INR to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the INR to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 16, valuing the pair at 34.6797. Conversely, the yearly low was recorded on March 18, dropping to 24.8454.
This high-to-low spread represents a total annual volatility of 9.8343 BIF. From a start-to-finish perspective, comparing the January average rate of 25.3165 to the December average rate of 34.2459, the exchange rate registered a net change of 35.27% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 34.6797 was up 27.97% compared to the 2022 peak of 27.0997, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 INR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
INR to BIF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 27.4172, compared to 34.2065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.7892 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 9.0288 BIF (High: 34.2151 / Low: 25.1863). On the other end, October was the most stable month, with a tight range of 0.2832 BIF (High: 34.2281 / Low: 33.9448).
Growth Streaks & Declines
TrendsBetween February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2262 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 34.4308) against the same month in 2022 (average: 26.2592), the exchange rate shifted by +8.1716 (+31.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.6121 | 24.9897 | 25.3165 |
| February | 25.3811 | 24.8874 | 25.0903 |
| March | 25.4421 | 24.8454 | 25.2467 |
| April | 25.5062 | 25.2150 | 25.3724 |
| May | 34.2151 | 25.1863 | 29.0467 |
| June | 34.6797 | 34.1571 | 34.4308 |
| July | 34.6404 | 34.0553 | 34.4257 |
| August | 34.4223 | 34.0033 | 34.2123 |
| September | 34.3495 | 33.9823 | 34.1488 |
| October | 34.2281 | 33.9448 | 34.1038 |
| November | 34.2627 | 33.8733 | 34.1023 |
| December | 34.5053 | 34.1272 | 34.2459 |