2023 BBD to HNL Historical Review

YEARLY HIGH

12.4750 HNL

YEARLY LOW

12.1595 HNL

YEARLY AVERAGE

12.3311 HNL

2023 BBD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BBD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 12.4750. Conversely, the yearly low was recorded on March 19, dropping to 12.1595.

This high-to-low spread represents a total annual volatility of 0.3155 HNL. From a start-to-finish perspective, comparing the January average rate of 12.3329 to the December average rate of 12.3565, the exchange rate registered a net change of 0.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.4750 was down 4.03% compared to the 2022 peak of 12.9985, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 62,375 HNL

2022 Average 61,516 HNL

Yearly Trough Low 60,797 HNL

Transaction Impact: A difference of 1,577.73 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.3955

12.2831

JanuMarcMayJulySeptNove

BBD to HNL 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 12.3200, compared to 12.3421 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0221 points.

H1 Avg (Jan–Jun) 12.3200

H2 Avg (Jul–Dec) 12.3421

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.2367 HNL (High: 12.4414 / Low: 12.2047). On the other end, January was the most stable month, with a tight range of 0.0552 HNL (High: 12.3500 / Low: 12.2948).

August Spread (Volatile) ±0.2367

January Spread (Stable) ±0.0552

Growth Streaks & Declines

Trends

Between April and June, 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 0.0356 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0356

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 12.3861) against the same month in 2022 (average: 12.3205), the exchange rate shifted by +0.0656 (+0.53%).

2023 Avg (September) 12.3861

2022 Avg (September) 12.3205

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.3500	12.2948	12.3329
February	12.4412	12.2147	12.3260
March	12.3429	12.1595	12.3157
April	12.3300	12.1659	12.2925
May	12.3400	12.2492	12.3138
June	12.3750	12.2340	12.3391
July	12.3750	12.2145	12.3135
August	12.4414	12.2047	12.3094
September	12.4750	12.3001	12.3861
October	12.4200	12.2764	12.3505
November	12.3844	12.2469	12.3367
December	12.3965	12.3288	12.3565