2023 BAM to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BAM to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BAM to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 323.3106. Conversely, the yearly low was recorded on October 14, dropping to 285.4909.
This high-to-low spread represents a total annual volatility of 37.8197 CRC. From a start-to-finish perspective, comparing the January average rate of 316.1716 to the December average rate of 293.0982, the exchange rate registered a net change of -7.30% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 323.3106 was down 14.39% compared to the 2022 peak of 377.6484, 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 CRC 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 303.8302, compared to 295.3814 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.4488 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 17.9428 CRC (High: 320.4316 / Low: 302.4888). On the other end, April was the most stable month, with a tight range of 4.4997 CRC (High: 303.2518 / Low: 298.7521).
Growth Streaks & Declines
TrendsBetween May and July, 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 February and March, when the average rate fell by 10.9557 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 316.1716) against the same month in 2022 (average: 369.7263), the exchange rate shifted by -53.5547 (-14.48%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 323.3106 | 306.0078 | 316.1716 |
| February | 320.4316 | 302.4888 | 309.5711 |
| March | 304.6050 | 294.8635 | 298.6154 |
| April | 303.2518 | 298.7521 | 300.5277 |
| May | 306.9327 | 294.3552 | 298.9045 |
| June | 304.1028 | 294.1506 | 299.1907 |
| July | 312.0971 | 301.2575 | 305.4203 |
| August | 305.9078 | 296.4007 | 300.3290 |
| September | 299.0085 | 288.8328 | 292.8623 |
| October | 290.1131 | 285.4909 | 287.4182 |
| November | 297.5351 | 286.2158 | 293.1604 |
| December | 295.0197 | 290.1102 | 293.0982 |