2023 BAM to AZN Historical Review

YEARLY HIGH

0.9782 AZN

YEARLY LOW

0.9102 AZN

YEARLY AVERAGE

0.9404 AZN

2023 BAM to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BAM to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 0.9782. Conversely, the yearly low was recorded on October 3, dropping to 0.9102.

This high-to-low spread represents a total annual volatility of 0.0680 AZN. From a start-to-finish perspective, comparing the January average rate of 0.9354 to the December average rate of 0.9488, the exchange rate registered a net change of 1.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9782 was down 1.93% compared to the 2022 peak of 0.9974, 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 4,891 AZN

2022 Average 4,580 AZN

Yearly Trough Low 4,551 AZN

Transaction Impact: A difference of 340.15 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9656

0.9144

JanuMarcMayJulySeptNove

BAM to AZN 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 0.9398, compared to 0.9411 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.9398

H2 Avg (Jul–Dec) 0.9411

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0385 AZN (High: 0.9565 / Low: 0.9181). On the other end, October was the most stable month, with a tight range of 0.0162 AZN (High: 0.9264 / Low: 0.9102).

February Spread (Volatile) ±0.0385

October Spread (Stable) ±0.0162

Growth Streaks & Declines

Trends

Between October and December, 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 0.0190 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0190

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.9613) against the same month in 2022 (average: 0.8867), the exchange rate shifted by +0.0747 (+8.42%).

2023 Avg (July) 0.9613

2022 Avg (July) 0.8867

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9473	0.9114	0.9354
February	0.9565	0.9181	0.9312
March	0.9468	0.9161	0.9307
April	0.9675	0.9444	0.9539
May	0.9617	0.9316	0.9454
June	0.9565	0.9292	0.9420
July	0.9782	0.9459	0.9613
August	0.9586	0.9384	0.9486
September	0.9427	0.9160	0.9296
October	0.9264	0.9102	0.9186
November	0.9551	0.9169	0.9397
December	0.9627	0.9351	0.9488