2023 BAM to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BAM to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BAM to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 106.7334. Conversely, the yearly low was recorded on January 8, dropping to 82.8530.
This high-to-low spread represents a total annual volatility of 23.8804 LRD. From a start-to-finish perspective, comparing the January average rate of 85.4963 to the December average rate of 105.0558, the exchange rate registered a net change of 22.88% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 106.7334 was up 18.78% compared to the 2022 peak of 89.8554, 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 LRD 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 89.9439, compared to 103.2645 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.3206 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 8.1317 LRD (High: 100.7712 / Low: 92.6395). On the other end, May was the most stable month, with a tight range of 1.6872 LRD (High: 93.7126 / Low: 92.0253).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 2.0656 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 105.0558) against the same month in 2022 (average: 83.4506), the exchange rate shifted by +21.6052 (+25.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 87.3504 | 82.8530 | 85.4963 |
| February | 88.3110 | 83.1879 | 85.7071 |
| March | 90.3911 | 84.3526 | 87.2926 |
| April | 94.0441 | 90.1384 | 91.5315 |
| May | 93.7126 | 92.0253 | 92.8589 |
| June | 100.7712 | 92.6395 | 96.7772 |
| July | 106.3073 | 100.1209 | 103.8868 |
| August | 105.2520 | 102.6758 | 103.9648 |
| September | 103.1443 | 100.5132 | 101.8992 |
| October | 102.1773 | 99.9582 | 100.9869 |
| November | 105.6505 | 101.1247 | 103.7937 |
| December | 106.7334 | 103.4988 | 105.0558 |