2023 BDT to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BDT to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BDT to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 24.3559. Conversely, the yearly low was recorded on November 13, dropping to 22.6682.
This high-to-low spread represents a total annual volatility of 1.6877 SYP. From a start-to-finish perspective, comparing the January average rate of 23.9772 to the December average rate of 22.8375, the exchange rate registered a net change of -4.75% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 24.3559 was down 17.25% compared to the 2022 peak of 29.4345, 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 SYP 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 23.6211, compared to 22.9126 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7085 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 0.8582 SYP (High: 24.0476 / Low: 23.1894). On the other end, October was the most stable month, with a tight range of 0.1518 SYP (High: 22.8917 / Low: 22.7399).
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 January and February, when the average rate fell by 0.3426 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 23.9772) against the same month in 2022 (average: 29.2478), the exchange rate shifted by -5.2707 (-18.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.3559 | 23.5377 | 23.9772 |
| February | 24.0476 | 23.1894 | 23.6346 |
| March | 24.0521 | 23.3637 | 23.7327 |
| April | 23.9843 | 23.3618 | 23.6735 |
| May | 23.7161 | 23.2015 | 23.4561 |
| June | 23.4304 | 23.1709 | 23.2524 |
| July | 23.3759 | 23.0578 | 23.1775 |
| August | 23.2244 | 22.8686 | 22.9936 |
| September | 22.9962 | 22.7399 | 22.8864 |
| October | 22.8917 | 22.7399 | 22.8056 |
| November | 22.8731 | 22.6682 | 22.7749 |
| December | 22.9115 | 22.7190 | 22.8375 |