2023 BAM to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BAM to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BAM to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 761.5551. Conversely, the yearly low was recorded on January 8, dropping to 672.1255.
This high-to-low spread represents a total annual volatility of 89.4296 KRW. From a start-to-finish perspective, comparing the January average rate of 683.6155 to the December average rate of 726.3185, the exchange rate registered a net change of 6.25% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 761.5551 was up 4.42% compared to the 2022 peak of 729.3256, 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 KRW 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 716.1244, compared to 728.7555 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 12.6311 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 39.8168 KRW (High: 739.5495 / Low: 699.7327). On the other end, October was the most stable month, with a tight range of 11.1775 KRW (High: 736.7048 / Low: 725.5273).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 20.6820 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 741.5507) against the same month in 2022 (average: 684.3087), the exchange rate shifted by +57.2420 (+8.36%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 693.7837 | 672.1255 | 683.6155 |
| February | 717.2543 | 680.7651 | 700.9116 |
| March | 727.6232 | 703.0490 | 714.3152 |
| April | 761.5551 | 726.8853 | 741.5507 |
| May | 755.8231 | 724.5210 | 738.5176 |
| June | 739.5495 | 699.7327 | 717.8356 |
| July | 736.9817 | 716.7241 | 726.5165 |
| August | 749.9579 | 723.7296 | 738.5835 |
| September | 733.7423 | 720.9884 | 729.3852 |
| October | 736.7048 | 725.5273 | 729.6707 |
| November | 735.2153 | 712.7689 | 722.0585 |
| December | 733.0925 | 712.8580 | 726.3185 |