2023 BAM to UAH Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BAM to UAH Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BAM to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 21.6429. Conversely, the yearly low was recorded on October 13, dropping to 19.5565.
This high-to-low spread represents a total annual volatility of 2.0864 UAH. From a start-to-finish perspective, comparing the January average rate of 20.2261 to the December average rate of 20.7627, the exchange rate registered a net change of 2.65% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 21.6429 was up 7.58% compared to the 2022 peak of 20.1189, 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 UAH 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 20.3659, compared to 20.3454 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0205 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 1.4419 UAH (High: 21.6429 / Low: 20.2010). On the other end, August was the most stable month, with a tight range of 0.4303 UAH (High: 20.8290 / Low: 20.3987).
Growth Streaks & Declines
TrendsBetween February and April, 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 September and October, when the average rate fell by 0.4631 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 20.7627) against the same month in 2022 (average: 19.9479), the exchange rate shifted by +0.8148 (+4.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.5464 | 19.7167 | 20.2261 |
| February | 20.6763 | 19.8472 | 20.1616 |
| March | 20.5352 | 19.8927 | 20.1666 |
| April | 20.8834 | 20.4239 | 20.6589 |
| May | 20.8877 | 20.1344 | 20.5197 |
| June | 20.7823 | 20.1931 | 20.4624 |
| July | 21.2588 | 20.4947 | 20.8319 |
| August | 20.8290 | 20.3987 | 20.6003 |
| September | 20.4821 | 19.9044 | 20.1881 |
| October | 20.0335 | 19.5565 | 19.7250 |
| November | 20.4372 | 19.5896 | 19.9645 |
| December | 21.6429 | 20.2010 | 20.7627 |