2023 ARS to BAM Historical Review

YEARLY HIGH

0.0104 BAM

YEARLY LOW

0.0022 BAM

YEARLY AVERAGE

0.0069 BAM

2023 ARS to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ARS to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0104. Conversely, the yearly low was recorded on December 31, dropping to 0.0022.

This high-to-low spread represents a total annual volatility of 0.0082 BAM. From a start-to-finish perspective, comparing the January average rate of 0.0100 to the December average rate of 0.0033, the exchange rate registered a net change of -67.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0104 was down 38.07% compared to the 2022 peak of 0.0168, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 52 BAM

2022 Average 73 BAM

Yearly Trough Low 11 BAM

Transaction Impact: A difference of 41.21 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0107

0.0026

JanuMarcMayJulySeptNove

ARS 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 0.0086, compared to 0.0052 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0034 points.

H1 Avg (Jan–Jun) 0.0086

H2 Avg (Jul–Dec) 0.0052

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0028 BAM (High: 0.0050 / Low: 0.0022). On the other end, October was the most stable month, with a tight range of 0.0001 BAM (High: 0.0053 / Low: 0.0052).

December Spread (Volatile) ±0.0028

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0018 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0100) against the same month in 2022 (average: 0.0166), the exchange rate shifted by -0.0066 (-39.94%).

2023 Avg (January) 0.0100

2022 Avg (January) 0.0166

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0104	0.0096	0.0100
February	0.0096	0.0093	0.0095
March	0.0093	0.0086	0.0090
April	0.0086	0.0079	0.0083
May	0.0080	0.0076	0.0078
June	0.0076	0.0070	0.0073
July	0.0070	0.0064	0.0067
August	0.0065	0.0051	0.0056
September	0.0053	0.0052	0.0052
October	0.0053	0.0052	0.0053
November	0.0053	0.0049	0.0051
December	0.0050	0.0022	0.0033