2023 LRD to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 LRD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the LRD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 23, valuing the pair at 16.8458. Conversely, the yearly low was recorded on May 15, dropping to 12.4521.
This high-to-low spread represents a total annual volatility of 4.3938 BIF. From a start-to-finish perspective, comparing the January average rate of 13.3161 to the December average rate of 15.1450, the exchange rate registered a net change of 13.73% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 16.8458 was up 22.02% compared to the 2022 peak of 13.8053, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
LRD 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 13.8107, compared to 15.2142 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4035 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 4.3938 BIF (High: 16.8458 / Low: 12.4521). On the other end, October was the most stable month, with a tight range of 0.1095 BIF (High: 15.2372 / Low: 15.1277).
Growth Streaks & Declines
TrendsBetween 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 June and July, when the average rate fell by 0.8051 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 14.3188) against the same month in 2022 (average: 13.4055), the exchange rate shifted by +0.9134 (+6.81%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 13.4866 | 13.1483 | 13.3161 |
| February | 13.5901 | 13.0227 | 13.2518 |
| March | 13.5379 | 12.7324 | 13.0222 |
| April | 12.8466 | 12.4733 | 12.7476 |
| May | 16.8458 | 12.4521 | 14.3188 |
| June | 16.7043 | 15.7277 | 16.2078 |
| July | 15.7801 | 15.1787 | 15.4027 |
| August | 15.2651 | 15.1172 | 15.2117 |
| September | 15.2795 | 15.1497 | 15.2185 |
| October | 15.2372 | 15.1277 | 15.1876 |
| November | 15.1799 | 15.0193 | 15.1197 |
| December | 15.2521 | 15.1148 | 15.1450 |