2023 NZD to BIF Historical Review

YEARLY HIGH

1811.7794 BIF

YEARLY LOW

1267.5111 BIF

YEARLY AVERAGE

1559.8244 BIF

2023 NZD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1811.7794. Conversely, the yearly low was recorded on March 10, dropping to 1267.5111.

This high-to-low spread represents a total annual volatility of 544.2684 BIF. From a start-to-finish perspective, comparing the January average rate of 1325.3083 to the December average rate of 1775.7073, the exchange rate registered a net change of 33.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1811.7794 was up 26.51% compared to the 2022 peak of 1432.1683, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,058,897 BIF

2022 Average 6,490,374 BIF

Yearly Trough Low 6,337,555 BIF

Transaction Impact: A difference of 2,721,341.78 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1824.4022

1240.0637

JanuMarcMayJulySeptNove

NZD 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 1404.4229, compared to 1715.2260 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 310.8031 points.

H1 Avg (Jan–Jun) 1404.4229

H2 Avg (Jul–Dec) 1715.2260

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 490.2156 BIF (High: 1771.4461 / Low: 1281.2305). On the other end, March was the most stable month, with a tight range of 37.2816 BIF (High: 1304.7927 / Low: 1267.5111).

May Spread (Volatile) ±490.2156

March Spread (Stable) ±37.2816

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 July and August, when the average rate fell by 63.8281 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -63.8281

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1775.7073) against the same month in 2022 (average: 1313.5542), the exchange rate shifted by +462.1531 (+35.18%).

2023 Avg (December) 1775.7073

2022 Avg (December) 1313.5542

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1345.6816	1288.3671	1325.3083
February	1351.2352	1269.4633	1302.1135
March	1304.7927	1267.5111	1288.7586
April	1315.7992	1271.9692	1291.2413
May	1771.4461	1281.2305	1483.1233
June	1765.4640	1704.9061	1735.9923
July	1809.4098	1722.0088	1760.9321
August	1739.3191	1671.6872	1697.1040
September	1706.1767	1663.7124	1681.1934
October	1715.8534	1645.9286	1673.1938
November	1752.6404	1666.5743	1703.2253
December	1811.7794	1745.1246	1775.7073