2023 ZWL to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ZWL to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ZWL to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 2860.5281. Conversely, the yearly low was recorded on March 18, dropping to 2050.5570.
This high-to-low spread represents a total annual volatility of 809.9711 BIF. From a start-to-finish perspective, comparing the January average rate of 2068.9157 to the December average rate of 2850.7452, 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 2860.5281 was up 37.63% compared to the 2022 peak of 2078.4044, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ZWL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ZWL 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 2253.2567, compared to 2838.0207 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 584.7640 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 746.7678 BIF (High: 2825.3106 / Low: 2078.5428). On the other end, January was the most stable month, with a tight range of 13.2665 BIF (High: 2074.2665 / Low: 2061.0000).
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: 2850.7452) against the same month in 2022 (average: 2067.1405), the exchange rate shifted by +783.6047 (+37.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2074.2665 | 2061.0000 | 2068.9157 |
| February | 2089.8340 | 2064.0000 | 2073.2099 |
| March | 2085.0000 | 2050.5570 | 2076.2359 |
| April | 2085.0000 | 2061.2045 | 2079.3246 |
| May | 2825.3106 | 2078.5428 | 2392.5916 |
| June | 2842.0000 | 2814.8443 | 2829.2625 |
| July | 2843.5000 | 2808.7151 | 2829.4977 |
| August | 2843.1175 | 2822.3774 | 2834.0832 |
| September | 2846.0000 | 2823.9078 | 2835.9147 |
| October | 2848.0000 | 2823.5793 | 2838.3018 |
| November | 2850.0000 | 2816.8628 | 2839.5815 |
| December | 2860.5281 | 2845.0000 | 2850.7452 |