2023 BAM to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BAM to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BAM to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 1445.7392. Conversely, the yearly low was recorded on October 3, dropping to 1345.1952.
This high-to-low spread represents a total annual volatility of 100.5441 SYP. From a start-to-finish perspective, comparing the January average rate of 1382.4624 to the December average rate of 1402.2981, the exchange rate registered a net change of 1.43% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1445.7392 was down 1.91% compared to the 2022 peak of 1473.8281, 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 SYP 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 1388.8766, compared to 1390.8649 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9884 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 56.8658 SYP (High: 1413.7242 / Low: 1356.8584). On the other end, October was the most stable month, with a tight range of 23.9974 SYP (High: 1369.1926 / Low: 1345.1952).
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 28.1099 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 1420.6684) against the same month in 2022 (average: 1310.4424), the exchange rate shifted by +110.2260 (+8.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1400.1313 | 1346.9476 | 1382.4624 |
| February | 1413.7242 | 1356.8584 | 1376.2934 |
| March | 1399.3242 | 1354.0205 | 1375.2283 |
| April | 1429.8861 | 1395.8430 | 1409.8383 |
| May | 1421.3048 | 1376.8042 | 1397.2770 |
| June | 1413.6868 | 1373.2906 | 1392.1600 |
| July | 1445.7392 | 1396.7610 | 1420.6684 |
| August | 1416.7183 | 1386.9787 | 1402.0318 |
| September | 1393.3188 | 1353.7513 | 1373.9219 |
| October | 1369.1926 | 1345.1952 | 1357.7050 |
| November | 1411.5924 | 1355.0875 | 1388.5644 |
| December | 1422.8461 | 1382.1095 | 1402.2981 |