2023 AFN to BAM Historical Review

YEARLY HIGH

0.0262 BAM

YEARLY LOW

0.0195 BAM

YEARLY AVERAGE

0.0220 BAM

2023 AFN to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.0262. Conversely, the yearly low was recorded on April 18, dropping to 0.0195.

This high-to-low spread represents a total annual volatility of 0.0068 BAM. From a start-to-finish perspective, comparing the January average rate of 0.0205 to the December average rate of 0.0256, the exchange rate registered a net change of 25.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0262 was up 11.17% compared to the 2022 peak of 0.0236, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AFN based on timing:

Yearly Peak High 131 BAM

2022 Average 104 BAM

Yearly Trough Low 97 BAM

Transaction Impact: A difference of 33.78 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0261

0.0198

JanuMarcMayJulySeptNove

AFN to BAM Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0206, compared to 0.0234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.0206

H2 Avg (Jul–Dec) 0.0234

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0027 BAM (High: 0.0248 / Low: 0.0221). On the other end, March was the most stable month, with a tight range of 0.0005 BAM (High: 0.0211 / Low: 0.0206).

September Spread (Volatile) ±0.0027

March Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between July and December, 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 June and July, when the average rate fell by 0.0004 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0256) against the same month in 2022 (average: 0.0211), the exchange rate shifted by +0.0045 (+21.25%).

2023 Avg (December) 0.0256

2022 Avg (December) 0.0211

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0211	0.0201	0.0205
February	0.0211	0.0198	0.0204
March	0.0211	0.0206	0.0209
April	0.0210	0.0195	0.0206
May	0.0209	0.0201	0.0206
June	0.0212	0.0205	0.0208
July	0.0210	0.0199	0.0204
August	0.0222	0.0206	0.0212
September	0.0248	0.0221	0.0235
October	0.0252	0.0237	0.0245
November	0.0261	0.0245	0.0253
December	0.0262	0.0250	0.0256