2023 XCD to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 XCD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the XCD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 1058.4552. Conversely, the yearly low was recorded on March 18, dropping to 758.7490.
This high-to-low spread represents a total annual volatility of 299.7062 BIF. From a start-to-finish perspective, comparing the January average rate of 765.5420 to the December average rate of 1054.8353, the exchange rate registered a net change of 37.79% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1058.4552 was up 37.63% compared to the 2022 peak of 769.0531, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XCD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
XCD 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 833.7521, compared to 1050.1270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 216.3749 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 276.3197 BIF (High: 1045.4240 / Low: 769.1043). On the other end, January was the most stable month, with a tight range of 4.9089 BIF (High: 767.5220 / Low: 762.6131).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 1054.8353) against the same month in 2022 (average: 764.8852), the exchange rate shifted by +289.9501 (+37.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 767.5220 | 762.6131 | 765.5420 |
| February | 773.2823 | 763.7232 | 767.1310 |
| March | 771.4936 | 758.7490 | 768.2507 |
| April | 771.4936 | 762.6888 | 769.3936 |
| May | 1045.4240 | 769.1043 | 885.3089 |
| June | 1051.5994 | 1041.5512 | 1046.8863 |
| July | 1052.1544 | 1039.2833 | 1046.9733 |
| August | 1052.0129 | 1044.3387 | 1048.6700 |
| September | 1053.0795 | 1044.9049 | 1049.3477 |
| October | 1053.8195 | 1044.7834 | 1050.2310 |
| November | 1054.5596 | 1042.2981 | 1050.7045 |
| December | 1058.4552 | 1052.7095 | 1054.8353 |