2023 MDL to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 165.3317. Conversely, the yearly low was recorded on January 7, dropping to 107.3370.
This high-to-low spread represents a total annual volatility of 57.9947 BIF. From a start-to-finish perspective, comparing the January average rate of 108.9501 to the December average rate of 161.9348, the exchange rate registered a net change of 48.63% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 165.3317 was up 46.10% compared to the 2022 peak of 113.1632, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MDL 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 123.1750, compared to 158.9742 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 35.7992 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 43.5401 BIF (High: 159.4599 / Low: 115.9199). On the other end, February was the most stable month, with a tight range of 1.5070 BIF (High: 111.1155 / Low: 109.6085).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 2.5338 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 161.9348) against the same month in 2022 (average: 106.9655), the exchange rate shifted by +54.9693 (+51.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 110.6981 | 107.3370 | 108.9501 |
| February | 111.1155 | 109.6085 | 110.4474 |
| March | 113.9238 | 109.6785 | 111.5950 |
| April | 116.2977 | 113.6236 | 115.2799 |
| May | 159.4599 | 115.9199 | 134.6999 |
| June | 159.3654 | 155.2370 | 158.0777 |
| July | 164.1653 | 154.1899 | 158.1618 |
| August | 162.1990 | 158.7535 | 160.3151 |
| September | 159.8429 | 155.3453 | 157.7813 |
| October | 157.6225 | 155.3623 | 156.5434 |
| November | 161.1041 | 156.1943 | 159.1089 |
| December | 165.3317 | 158.7186 | 161.9348 |