2023 MOP to BIF Historical Review

YEARLY HIGH

355.2392 BIF

YEARLY LOW

255.2354 BIF

YEARLY AVERAGE

315.8538 BIF

2023 MOP to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 355.2392. Conversely, the yearly low was recorded on February 24, dropping to 255.2354.

This high-to-low spread represents a total annual volatility of 100.0038 BIF. From a start-to-finish perspective, comparing the January average rate of 256.8712 to the December average rate of 353.9808, the exchange rate registered a net change of 37.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 355.2392 was up 37.34% compared to the 2022 peak of 258.6636, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,776,196 BIF

2022 Average 1,265,983 BIF

Yearly Trough Low 1,276,177 BIF

Transaction Impact: A difference of 500,018.81 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

363.7301

246.7389

JanuMarcMayJulySeptNove

MOP 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 279.2006, compared to 352.5069 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 73.3063 points.

H1 Avg (Jan–Jun) 279.2006

H2 Avg (Jul–Dec) 352.5069

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 92.9405 BIF (High: 350.4069 / Low: 257.4664). On the other end, April was the most stable month, with a tight range of 1.8923 BIF (High: 258.3178 / Low: 256.4255).

May Spread (Volatile) ±92.9405

April Spread (Stable) ±1.8923

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.3831 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3831

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 353.5427) against the same month in 2022 (average: 255.6982), the exchange rate shifted by +97.8445 (+38.27%).

2023 Avg (November) 353.5427

2022 Avg (November) 255.6982

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	257.8205	255.4956	256.8712
February	257.5122	255.2354	256.4882
March	258.0521	256.1348	257.1853
April	258.3178	256.4255	257.4292
May	350.4069	257.4664	296.4902
June	352.7183	349.3996	350.7397
July	353.3862	349.8781	351.8093
August	354.7775	350.1459	351.6439
September	353.1371	350.2711	351.7069
October	354.0925	351.2872	352.3578
November	355.2392	349.6440	353.5427
December	355.1864	353.2164	353.9808