2023 BDT to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BDT to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BDT to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 406.3031. Conversely, the yearly low was recorded on December 28, dropping to 380.9083.
This high-to-low spread represents a total annual volatility of 25.3948 IRR. From a start-to-finish perspective, comparing the January average rate of 400.1825 to the December average rate of 383.8492, the exchange rate registered a net change of -4.08% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 406.3031 was down 17.79% compared to the 2022 peak of 494.2167, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BDT based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BDT 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 396.6002, compared to 385.3099 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 11.2904 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 15.3709 IRR (High: 404.8554 / Low: 389.4845). On the other end, October was the most stable month, with a tight range of 2.6656 IRR (High: 384.9408 / Low: 382.2752).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 3.5325 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 400.1825) against the same month in 2022 (average: 492.0228), the exchange rate shifted by -91.8403 (-18.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 406.3031 | 393.0961 | 400.1825 |
| February | 404.8554 | 389.4845 | 397.1358 |
| March | 404.4527 | 393.1092 | 398.2562 |
| April | 403.3136 | 392.9527 | 398.1649 |
| May | 399.0401 | 390.2993 | 394.6324 |
| June | 394.4655 | 389.7599 | 391.2298 |
| July | 393.0823 | 386.2782 | 389.6918 |
| August | 391.1131 | 384.5512 | 386.9242 |
| September | 386.6981 | 382.2752 | 384.8733 |
| October | 384.9408 | 382.2752 | 383.4919 |
| November | 384.7284 | 381.2487 | 383.0289 |
| December | 385.3866 | 380.9083 | 383.8492 |