2023 KRW to BIF Historical Review

YEARLY HIGH

2.2385 BIF

YEARLY LOW

1.5403 BIF

YEARLY AVERAGE

1.9478 BIF

2023 KRW to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KRW to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 2.2385. Conversely, the yearly low was recorded on April 30, dropping to 1.5403.

This high-to-low spread represents a total annual volatility of 0.6982 BIF. From a start-to-finish perspective, comparing the January average rate of 1.6653 to the December average rate of 2.1906, the exchange rate registered a net change of 31.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2385 was up 32.66% compared to the 2022 peak of 1.6874, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,192,600 BIF

2022 Average 7,926,077 BIF

Yearly Trough Low 7,701,581 BIF

Transaction Impact: A difference of 3,491,018.60 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2651

1.5107

JanuMarcMayJulySeptNove

KRW 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 1.7396, compared to 2.1560 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4164 points.

H1 Avg (Jan–Jun) 1.7396

H2 Avg (Jul–Dec) 2.1560

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.5970 BIF (High: 2.1445 / Low: 1.5476). On the other end, October was the most stable month, with a tight range of 0.0330 BIF (High: 2.1210 / Low: 2.0880).

May Spread (Volatile) ±0.5970

October Spread (Stable) ±0.0330

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0608 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0608

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.2022) against the same month in 2022 (average: 1.5739), the exchange rate shifted by +0.6283 (+39.92%).

2023 Avg (July) 2.2022

2022 Avg (July) 1.5739

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6851	1.6169	1.6653
February	1.6968	1.5663	1.6207
March	1.6148	1.5662	1.5910
April	1.5974	1.5403	1.5736
May	2.1445	1.5476	1.8027
June	2.2313	2.1398	2.1842
July	2.2385	2.1338	2.2022
August	2.1972	2.1099	2.1414
September	2.1518	2.0960	2.1261
October	2.1210	2.0880	2.1020
November	2.2090	2.1053	2.1734
December	2.2240	2.1613	2.1906