2023 BAM to AFN Historical Review

YEARLY HIGH

51.3374 AFN

YEARLY LOW

38.1174 AFN

YEARLY AVERAGE

45.7770 AFN

2023 BAM to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BAM to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 51.3374. Conversely, the yearly low was recorded on December 11, dropping to 38.1174.

This high-to-low spread represents a total annual volatility of 13.2200 AFN. From a start-to-finish perspective, comparing the January average rate of 48.8927 to the December average rate of 39.0424, the exchange rate registered a net change of -20.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 51.3374 was down 16.60% compared to the 2022 peak of 61.5565, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 256,687 AFN

2022 Average 242,882 AFN

Yearly Trough Low 190,587 AFN

Transaction Impact: A difference of 66,100.11 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

50.1188

38.0355

JanuMarcMayJulySeptNove

BAM to AFN 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 48.5436, compared to 43.0104 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.5332 points.

H1 Avg (Jan–Jun) 48.5436

H2 Avg (Jul–Dec) 43.0104

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 4.8857 AFN (High: 45.1754 / Low: 40.2897). On the other end, March was the most stable month, with a tight range of 1.1229 AFN (High: 48.5598 / Low: 47.4370).

September Spread (Volatile) ±4.8857

March Spread (Stable) ±1.1229

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 4.4839 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.4839

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 48.6126) against the same month in 2022 (average: 48.4366), the exchange rate shifted by +0.1760 (+0.36%).

2023 Avg (April) 48.6126

2022 Avg (April) 48.4366

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	49.8407	47.2865	48.8927
February	50.5741	47.4044	49.1119
March	48.5598	47.4370	47.9496
April	51.3374	47.6531	48.6126
May	49.6365	47.7985	48.6526
June	48.6777	47.1316	48.0424
July	50.1776	47.6446	48.9803
August	48.6262	45.1426	47.1127
September	45.1754	40.2897	42.6287
October	42.2255	39.7170	40.8147
November	40.8341	38.3679	39.4836
December	40.0041	38.1174	39.0424