YEARLY HIGH
160.8054 BIF
YEARLY LOW
107.5654 BIF
YEARLY AVERAGE
137.3354 BIF

2023 NAD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 160.8054. Conversely, the yearly low was recorded on May 18, dropping to 107.5654.

This high-to-low spread represents a total annual volatility of 53.2401 BIF. From a start-to-finish perspective, comparing the January average rate of 121.1430 to the December average rate of 152.5998, the exchange rate registered a net change of 25.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 160.8054 was up 13.73% compared to the 2022 peak of 141.3932, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 804,027 BIF
2022 Average 628,479 BIF
Yearly Trough Low 537,827 BIF
Transaction Impact: A difference of 266,200.27 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

159.3150
109.4471
JanuMarcMayJulySeptNove

NAD 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 123.5644, compared to 151.1064 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 27.5420 points.

H1 Avg (Jan–Jun) 123.5644
H2 Avg (Jul–Dec) 151.1064

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 39.2107 BIF (High: 146.7761 / Low: 107.5654). On the other end, January was the most stable month, with a tight range of 3.5338 BIF (High: 123.2898 / Low: 119.7560).

May Spread (Volatile) ±39.2107
January Spread (Stable) ±3.5338

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 5.1245 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -5.1245

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 155.1593) against the same month in 2022 (average: 127.8886), the exchange rate shifted by +27.2708 (+21.32%).

2023 Avg (July) 155.1593
2022 Avg (July) 127.8886

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 123.2898 119.7560 121.1430
February 121.5212 112.1130 116.0184
March 116.6107 111.3223 113.6027
April 117.2965 112.4136 114.4079
May 146.7761 107.5654 125.0909
June 156.2431 143.0494 151.1233
July 160.8054 149.2573 155.1593
August 155.1327 143.3746 150.4184
September 151.3250 147.4571 149.4727
October 151.1951 140.2446 147.4631
November 156.3920 142.1875 151.5252
December 156.4840 149.0934 152.5998