2023 BBD to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BBD to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BBD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 21175.0000. Conversely, the yearly low was recorded on March 26, dropping to 20817.0000.
This high-to-low spread represents a total annual volatility of 358.0000 IRR. From a start-to-finish perspective, comparing the January average rate of 20967.7097 to the December average rate of 21115.1210, the exchange rate registered a net change of 0.70% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 21175.0000 was down 0.24% compared to the 2022 peak of 21225.0000, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BBD to IRR 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 21093.4498, compared to 21125.9959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 32.5461 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 358.0000 IRR (High: 21175.0000 / Low: 20817.0000). On the other end, October was the most stable month, with a tight range of 12.5000 IRR (High: 21131.2500 / Low: 21118.7500).
Growth Streaks & Declines
TrendsBetween March and June, 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 27.7667 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 21109.3393) against the same month in 2022 (average: 21129.0774), the exchange rate shifted by -19.7381 (-0.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21102.5000 | 20817.0000 | 20967.7097 |
| February | 21175.0000 | 20817.0000 | 21109.3393 |
| March | 21137.5000 | 20817.0000 | 21081.5726 |
| April | 21137.5000 | 21125.0000 | 21129.1667 |
| May | 21162.5000 | 21125.0000 | 21135.8065 |
| June | 21162.5000 | 21125.0000 | 21137.1042 |
| July | 21175.0000 | 21004.5500 | 21122.0532 |
| August | 21162.5000 | 21125.0000 | 21139.7177 |
| September | 21137.5000 | 21118.7500 | 21126.1667 |
| October | 21131.2500 | 21118.7500 | 21125.0000 |
| November | 21137.5000 | 21112.5000 | 21127.9167 |
| December | 21137.5000 | 21008.7500 | 21115.1210 |