2023 SCR to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SCR to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SCR to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 223.0855. Conversely, the yearly low was recorded on January 28, dropping to 145.7165.
This high-to-low spread represents a total annual volatility of 77.3689 BIF. From a start-to-finish perspective, comparing the January average rate of 152.8509 to the December average rate of 212.2576, the exchange rate registered a net change of 38.87% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 223.0855 was up 37.92% compared to the 2022 peak of 161.7456, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SCR 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 166.3591, compared to 212.9198 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 46.5607 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 65.8941 BIF (High: 214.8376 / Low: 148.9435). On the other end, August was the most stable month, with a tight range of 7.9370 BIF (High: 215.4193 / Low: 207.4823).
Growth Streaks & Declines
TrendsBetween April and September, 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 September and October, when the average rate fell by 2.8167 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 213.0508) against the same month in 2022 (average: 154.2015), the exchange rate shifted by +58.8493 (+38.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 160.5410 | 145.7165 | 152.8509 |
| February | 159.1378 | 146.1161 | 153.0663 |
| March | 159.9548 | 147.7464 | 154.3359 |
| April | 161.1299 | 148.2416 | 153.9665 |
| May | 214.8376 | 148.9435 | 177.3936 |
| June | 215.7504 | 199.9979 | 206.5414 |
| July | 217.6677 | 198.9233 | 211.7927 |
| August | 215.4193 | 207.4823 | 211.9432 |
| September | 222.8994 | 208.3269 | 215.8675 |
| October | 223.0855 | 205.6568 | 213.0508 |
| November | 218.1806 | 206.3021 | 212.6071 |
| December | 220.6945 | 204.0650 | 212.2576 |