2023 BAM to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BAM to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BAM to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 1568.2402. Conversely, the yearly low was recorded on January 7, dropping to 1086.6588.
This high-to-low spread represents a total annual volatility of 481.5815 CDF. From a start-to-finish perspective, comparing the January average rate of 1127.3075 to the December average rate of 1519.5344, the exchange rate registered a net change of 34.79% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1568.2402 was up 32.92% compared to the 2022 peak of 1179.8405, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BAM based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BAM to CDF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1180.1985, compared to 1403.6754 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 223.4769 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 179.1697 CDF (High: 1519.5429 / Low: 1340.3731). On the other end, September was the most stable month, with a tight range of 35.1530 CDF (High: 1375.9127 / Low: 1340.7596).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 23.5993 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 1519.5344) against the same month in 2022 (average: 1107.0201), the exchange rate shifted by +412.5143 (+37.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1151.2548 | 1086.6588 | 1127.3075 |
| February | 1159.0213 | 1108.9655 | 1129.7674 |
| March | 1159.4228 | 1109.5509 | 1131.9096 |
| April | 1234.5584 | 1136.6610 | 1167.9140 |
| May | 1283.9922 | 1137.1301 | 1216.4411 |
| June | 1341.4948 | 1271.9394 | 1307.8511 |
| July | 1444.2543 | 1339.7627 | 1396.1767 |
| August | 1398.8771 | 1363.6035 | 1381.7682 |
| September | 1375.9127 | 1340.7596 | 1358.1689 |
| October | 1405.0642 | 1328.3524 | 1360.8350 |
| November | 1519.5429 | 1340.3731 | 1405.5690 |
| December | 1568.2402 | 1471.0118 | 1519.5344 |