2023 NPR to BIF Historical Review

YEARLY HIGH

21.7013 BIF

YEARLY LOW

15.5827 BIF

YEARLY AVERAGE

19.2633 BIF

2023 NPR to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 16, valuing the pair at 21.7013. Conversely, the yearly low was recorded on February 24, dropping to 15.5827.

This high-to-low spread represents a total annual volatility of 6.1186 BIF. From a start-to-finish perspective, comparing the January average rate of 15.8039 to the December average rate of 21.3838, the exchange rate registered a net change of 35.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.7013 was up 28.09% compared to the 2022 peak of 16.9421, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 108,507 BIF

2022 Average 81,287 BIF

Yearly Trough Low 77,914 BIF

Transaction Impact: A difference of 30,592.90 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.1254

15.1034

JanuMarcMayJulySeptNove

NPR 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 17.1376, compared to 21.3890 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.2514 points.

H1 Avg (Jan–Jun) 17.1376

H2 Avg (Jul–Dec) 21.3890

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 5.5730 BIF (High: 21.3476 / Low: 15.7746). On the other end, December was the most stable month, with a tight range of 0.1548 BIF (High: 21.4794 / Low: 21.3246).

May Spread (Volatile) ±5.5730

December Spread (Stable) ±0.1548

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 July and August, when the average rate fell by 0.1497 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1497

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 21.5154) against the same month in 2022 (average: 16.4123), the exchange rate shifted by +5.1031 (+31.09%).

2023 Avg (June) 21.5154

2022 Avg (June) 16.4123

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.9737	15.5868	15.8039
February	15.8185	15.5827	15.6885
March	15.9249	15.6768	15.7849
April	15.9582	15.8022	15.8690
May	21.3476	15.7746	18.1636
June	21.7013	21.3336	21.5154
July	21.6564	21.3751	21.5402
August	21.5500	21.2477	21.3905
September	21.4640	21.2752	21.3529
October	21.4416	21.2697	21.3342
November	21.3934	21.1238	21.3322
December	21.4794	21.3246	21.3838