2023 YER to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 YER to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the YER to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 11.4293. Conversely, the yearly low was recorded on March 18, dropping to 8.1924.
This high-to-low spread represents a total annual volatility of 3.2369 BIF. From a start-to-finish perspective, comparing the January average rate of 8.2649 to the December average rate of 11.3926, the exchange rate registered a net change of 37.84% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 11.4293 was up 37.64% compared to the 2022 peak of 8.3037, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 YER based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
YER 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 9.0012, compared to 11.3380 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3368 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 2.9812 BIF (High: 11.2854 / Low: 8.3042). On the other end, January was the most stable month, with a tight range of 0.0567 BIF (High: 8.2875 / Low: 8.2308).
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: 11.3926) against the same month in 2022 (average: 8.2584), the exchange rate shifted by +3.1342 (+37.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.2875 | 8.2308 | 8.2649 |
| February | 8.3511 | 8.2445 | 8.2816 |
| March | 8.3283 | 8.1924 | 8.2949 |
| April | 8.3283 | 8.2333 | 8.3061 |
| May | 11.2854 | 8.3042 | 9.5579 |
| June | 11.3521 | 11.2436 | 11.3018 |
| July | 11.3581 | 11.2192 | 11.3034 |
| August | 11.3566 | 11.2737 | 11.3223 |
| September | 11.3658 | 11.2810 | 11.3282 |
| October | 11.3772 | 11.2763 | 11.3379 |
| November | 11.3863 | 11.2523 | 11.3434 |
| December | 11.4293 | 11.3641 | 11.3926 |