2023 SBD to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SBD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SBD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 30, valuing the pair at 341.1451. Conversely, the yearly low was recorded on April 30, dropping to 247.2949.
This high-to-low spread represents a total annual volatility of 93.8502 BIF. From a start-to-finish perspective, comparing the January average rate of 250.3392 to the December average rate of 337.0701, the exchange rate registered a net change of 34.65% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 341.1451 was up 32.52% compared to the 2022 peak of 257.4254, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SBD 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 271.9859, compared to 337.4544 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 65.4685 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 89.1689 BIF (High: 339.0137 / Low: 249.8449). On the other end, August was the most stable month, with a tight range of 2.4781 BIF (High: 339.7286 / Low: 337.2505).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.5384 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 339.4175) against the same month in 2022 (average: 252.2102), the exchange rate shifted by +87.2073 (+34.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 252.5153 | 248.5744 | 250.3392 |
| February | 254.9426 | 249.8446 | 251.8015 |
| March | 253.6509 | 250.0629 | 252.2931 |
| April | 253.2719 | 247.2949 | 250.7548 |
| May | 339.0137 | 249.8449 | 287.3094 |
| June | 341.1451 | 338.0020 | 339.4175 |
| July | 341.1451 | 333.5780 | 338.2349 |
| August | 339.7286 | 337.2505 | 338.6529 |
| September | 339.5558 | 334.8791 | 337.6211 |
| October | 339.0123 | 333.6054 | 336.5654 |
| November | 338.9337 | 333.6722 | 336.5822 |
| December | 339.3860 | 335.2573 | 337.0701 |