2023 BAM to NGN Historical Review

YEARLY HIGH

507.7723 NGN

YEARLY LOW

241.2683 NGN

YEARLY AVERAGE

350.9071 NGN

2023 BAM to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BAM to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 507.7723. Conversely, the yearly low was recorded on January 7, dropping to 241.2683.

This high-to-low spread represents a total annual volatility of 266.5040 NGN. From a start-to-finish perspective, comparing the January average rate of 250.1519 to the December average rate of 452.2410, the exchange rate registered a net change of 80.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 507.7723 was up 107.91% compared to the 2022 peak of 244.2260, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BAM based on timing:

Yearly Peak High 2,538,861 NGN

2022 Average 1,140,764 NGN

Yearly Trough Low 1,206,341 NGN

Transaction Impact: A difference of 1,332,519.95 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

472.4499

229.9430

JanuMarcMayJulySeptNove

BAM to NGN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 267.0169, compared to 434.7973 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 167.7804 points.

H1 Avg (Jan–Jun) 267.0169

H2 Avg (Jul–Dec) 434.7973

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 208.4443 NGN (High: 460.9944 / Low: 252.5501). On the other end, April was the most stable month, with a tight range of 6.1850 NGN (High: 262.4313 / Low: 256.2463).

June Spread (Volatile) ±208.4443

April Spread (Stable) ±6.1850

Growth Streaks & Declines

Trends

Between 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 July and August, when the average rate fell by 11.1379 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -11.1379

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 452.2410) against the same month in 2022 (average: 241.0348), the exchange rate shifted by +211.2062 (+87.62%).

2023 Avg (December) 452.2410

2022 Avg (December) 241.0348

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	256.6423	241.2683	250.1519
February	258.9366	248.5483	252.1732
March	256.3810	248.1279	251.6170
April	262.4313	256.2463	258.8212
May	261.0644	252.4631	256.5484
June	460.9944	252.5501	332.7893
July	453.8011	422.6479	439.3876
August	435.1930	419.4924	428.2497
September	432.1570	408.0540	423.2669
October	480.0021	409.5497	423.0209
November	459.6586	424.6093	442.6176
December	507.7723	430.2238	452.2410