2023 SRD to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SRD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SRD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 77.6681. Conversely, the yearly low was recorded on May 10, dropping to 55.1654.
This high-to-low spread represents a total annual volatility of 22.5027 BIF. From a start-to-finish perspective, comparing the January average rate of 65.0314 to the December average rate of 76.3040, the exchange rate registered a net change of 17.33% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 77.6681 was down 21.99% compared to the 2022 peak of 99.5633, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SRD 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 63.9943, compared to 74.6734 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.6791 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 20.5802 BIF (High: 75.7456 / Low: 55.1654). On the other end, September was the most stable month, with a tight range of 0.8271 BIF (High: 74.3932 / Low: 73.5661).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 3.4984 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 76.3040) against the same month in 2022 (average: 65.2533), the exchange rate shifted by +11.0507 (+16.94%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 65.5859 | 63.9733 | 65.0314 |
| February | 64.7821 | 61.0925 | 63.2124 |
| March | 62.0172 | 57.7602 | 60.0475 |
| April | 58.2190 | 55.2602 | 56.5491 |
| May | 75.7456 | 55.1654 | 64.0770 |
| June | 75.8586 | 73.8812 | 75.0484 |
| July | 76.3035 | 73.3227 | 74.4824 |
| August | 74.3394 | 73.4666 | 74.0503 |
| September | 74.3932 | 73.5661 | 74.0459 |
| October | 74.8425 | 73.8621 | 74.4004 |
| November | 75.3968 | 73.8375 | 74.7576 |
| December | 77.6681 | 75.1959 | 76.3040 |