2023 AZN to BAM Historical Review

YEARLY HIGH

1.0987 BAM

YEARLY LOW

1.0223 BAM

YEARLY AVERAGE

1.0636 BAM

2023 AZN to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AZN to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 1.0987. Conversely, the yearly low was recorded on July 18, dropping to 1.0223.

This high-to-low spread represents a total annual volatility of 0.0764 BAM. From a start-to-finish perspective, comparing the January average rate of 1.0692 to the December average rate of 1.0541, the exchange rate registered a net change of -1.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0987 was down 8.73% compared to the 2022 peak of 1.2038, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,493 BAM

2022 Average 5,470 BAM

Yearly Trough Low 5,111 BAM

Transaction Impact: A difference of 382.04 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0934

1.0355

JanuMarcMayJulySeptNove

AZN 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 1.0643, compared to 1.0629 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 1.0643

H2 Avg (Jul–Dec) 1.0629

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0438 BAM (High: 1.0893 / Low: 1.0454). On the other end, October was the most stable month, with a tight range of 0.0193 BAM (High: 1.0987 / Low: 1.0794).

February Spread (Volatile) ±0.0438

October Spread (Stable) ±0.0193

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0262 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0262

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.0886) against the same month in 2022 (average: 1.1718), the exchange rate shifted by -0.0832 (-7.10%).

2023 Avg (October) 1.0886

2022 Avg (October) 1.1718

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0973	1.0556	1.0692
February	1.0893	1.0454	1.0740
March	1.0915	1.0562	1.0746
April	1.0588	1.0336	1.0484
May	1.0735	1.0399	1.0579
June	1.0762	1.0455	1.0616
July	1.0572	1.0223	1.0404
August	1.0656	1.0432	1.0542
September	1.0918	1.0607	1.0758
October	1.0987	1.0794	1.0886
November	1.0907	1.0470	1.0643
December	1.0694	1.0387	1.0541