2023 BAM to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BAM to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BAM to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 31.8949. Conversely, the yearly low was recorded on January 7, dropping to 28.7654.
This high-to-low spread represents a total annual volatility of 3.1295 ETB. From a start-to-finish perspective, comparing the January average rate of 29.5121 to the December average rate of 31.3440, the exchange rate registered a net change of 6.21% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 31.8949 was up 7.95% compared to the 2022 peak of 29.5466, 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 ETB 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 29.8718, compared to 30.6894 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8176 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 1.3201 ETB (High: 31.3505 / Low: 30.0305). On the other end, October was the most stable month, with a tight range of 0.6060 ETB (High: 30.3471 / Low: 29.7411).
Growth Streaks & Declines
TrendsBetween February and April, 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 0.5405 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 31.3440) against the same month in 2022 (average: 28.9736), the exchange rate shifted by +2.3705 (+8.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 29.8927 | 28.7654 | 29.5121 |
| February | 30.1028 | 29.0299 | 29.4200 |
| March | 30.0190 | 28.9915 | 29.4206 |
| April | 30.7690 | 29.9803 | 30.3984 |
| May | 30.6943 | 29.8319 | 30.2373 |
| June | 30.6985 | 29.7338 | 30.2426 |
| July | 31.6117 | 30.3531 | 31.0017 |
| August | 31.0946 | 30.3962 | 30.7361 |
| September | 30.6438 | 29.7903 | 30.1956 |
| October | 30.3471 | 29.7411 | 30.0502 |
| November | 31.3505 | 30.0305 | 30.8089 |
| December | 31.8949 | 30.7428 | 31.3440 |