2023 KES to BIF Historical Review

YEARLY HIGH

20.5426 BIF

YEARLY LOW

15.1559 BIF

YEARLY AVERAGE

18.1337 BIF

2023 KES to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 3, valuing the pair at 20.5426. Conversely, the yearly low was recorded on April 30, dropping to 15.1559.

This high-to-low spread represents a total annual volatility of 5.3867 BIF. From a start-to-finish perspective, comparing the January average rate of 16.6914 to the December average rate of 18.4575, the exchange rate registered a net change of 10.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 20.5426 was up 14.52% compared to the 2022 peak of 17.9383, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 KES based on timing:

Yearly Peak High 102,713 BIF

2022 Average 86,613 BIF

Yearly Trough Low 75,780 BIF

Transaction Impact: A difference of 26,933.32 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.7496

14.9968

JanuMarcMayJulySeptNove

KES to BIF Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 17.0649, compared to 19.2025 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1376 points.

H1 Avg (Jan–Jun) 17.0649

H2 Avg (Jul–Dec) 19.2025

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 5.3227 BIF (High: 20.4867 / Low: 15.1641). On the other end, January was the most stable month, with a tight range of 0.2369 BIF (High: 16.7963 / Low: 16.5594).

May Spread (Volatile) ±5.3227

January Spread (Stable) ±0.2369

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.5496 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5496

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 20.2702) against the same month in 2022 (average: 17.4719), the exchange rate shifted by +2.7983 (+16.02%).

2023 Avg (June) 20.2702

2022 Avg (June) 17.4719

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.7963	16.5594	16.6914
February	16.6532	16.2648	16.5017
March	16.2696	15.7358	16.0258
April	15.7358	15.1559	15.4762
May	20.4867	15.1641	17.4242
June	20.5426	20.0416	20.2702
July	20.3078	19.8054	20.0105
August	19.9303	19.4707	19.7161
September	19.5373	19.1646	19.3226
October	19.3277	18.8235	19.0170
November	18.8744	18.5279	18.6913
December	18.6758	18.1437	18.4575