2023 BAM to XAF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BAM to XAF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BAM to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 27, valuing the pair at 340.1489. Conversely, the yearly low was recorded on January 6, dropping to 329.7630.
This high-to-low spread represents a total annual volatility of 10.3860 XAF. From a start-to-finish perspective, comparing the January average rate of 334.5608 to the December average rate of 335.1563, the exchange rate registered a net change of 0.18% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 340.1489 was down 0.62% compared to the 2022 peak of 342.2678, 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 XAF 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 335.1298, compared to 335.4087 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2789 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 8.3966 XAF (High: 340.1489 / Low: 331.7523). On the other end, August was the most stable month, with a tight range of 4.3187 XAF (High: 337.1350 / Low: 332.8163).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.6562 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 335.3960) against the same month in 2022 (average: 335.5287), the exchange rate shifted by -0.1327 (-0.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 338.1104 | 329.7630 | 334.5608 |
| February | 339.2404 | 331.7477 | 335.7317 |
| March | 338.9090 | 332.7827 | 335.0756 |
| April | 339.0531 | 331.0971 | 334.9558 |
| May | 338.0494 | 329.8341 | 335.2911 |
| June | 337.2964 | 331.6759 | 335.1637 |
| July | 340.1489 | 331.7523 | 335.3960 |
| August | 337.1350 | 332.8163 | 335.5024 |
| September | 338.5763 | 334.1538 | 335.9012 |
| October | 338.0177 | 333.4388 | 335.4830 |
| November | 336.5417 | 330.6510 | 335.0131 |
| December | 336.9433 | 332.3041 | 335.1563 |