2023 BAM to NPR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BAM to NPR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BAM to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 75.6795. Conversely, the yearly low was recorded on March 8, dropping to 70.7447.
This high-to-low spread represents a total annual volatility of 4.9348 NPR. From a start-to-finish perspective, comparing the January average rate of 72.0299 to the December average rate of 74.4048, the exchange rate registered a net change of 3.30% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 75.6795 was up 4.79% compared to the 2022 peak of 72.2180, 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 NPR 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 72.6681, compared to 73.4491 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7810 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 2.9703 NPR (High: 74.8362 / Low: 71.8659). On the other end, October was the most stable month, with a tight range of 1.2554 NPR (High: 72.5654 / Low: 71.3099).
Growth Streaks & Declines
TrendsBetween October and December, 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 1.3087 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 74.4048) against the same month in 2022 (average: 71.3990), the exchange rate shifted by +3.0058 (+4.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 72.7026 | 70.9204 | 72.0299 |
| February | 73.9613 | 71.5859 | 72.3860 |
| March | 73.1541 | 70.7447 | 71.9953 |
| April | 74.3606 | 73.0450 | 73.5239 |
| May | 74.0204 | 72.4041 | 73.2123 |
| June | 73.7640 | 72.2507 | 72.8613 |
| July | 75.6644 | 72.8188 | 74.2747 |
| August | 74.7213 | 73.0600 | 73.9335 |
| September | 73.4232 | 71.7459 | 72.6248 |
| October | 72.5654 | 71.3099 | 71.8911 |
| November | 74.8362 | 71.8659 | 73.5654 |
| December | 75.6795 | 73.4453 | 74.4048 |