2023 BMD to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BMD to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BMD to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 591.7417. Conversely, the yearly low was recorded on December 29, dropping to 519.5922.
This high-to-low spread represents a total annual volatility of 72.1496 CRC. From a start-to-finish perspective, comparing the January average rate of 574.7530 to the December average rate of 525.1786, the exchange rate registered a net change of -8.63% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 591.7417 was down 14.45% compared to the 2022 peak of 691.6576, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BMD to CRC 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 549.7551, compared to 533.5776 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 16.1775 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 39.4270 CRC (High: 591.7417 / Low: 552.3148). On the other end, June was the most stable month, with a tight range of 6.1281 CRC (High: 542.9248 / Low: 536.7967).
Growth Streaks & Declines
TrendsBetween April and July, 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 19.5351 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 574.7530) against the same month in 2022 (average: 638.8450), the exchange rate shifted by -64.0920 (-10.03%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 591.7417 | 552.3148 | 574.7530 |
| February | 581.7789 | 551.4947 | 565.1473 |
| March | 559.2154 | 535.4116 | 545.6122 |
| April | 542.8206 | 530.5644 | 535.5951 |
| May | 543.4522 | 532.9144 | 537.4600 |
| June | 542.9248 | 536.7967 | 539.9628 |
| July | 548.4384 | 535.3026 | 540.1669 |
| August | 545.6087 | 532.2504 | 538.2052 |
| September | 539.1930 | 529.2541 | 535.5622 |
| October | 536.2793 | 529.7988 | 531.8896 |
| November | 533.9019 | 526.5019 | 530.4629 |
| December | 529.5637 | 519.5922 | 525.1786 |