2023 BMD to HNL Historical Review

YEARLY HIGH

24.9500 HNL

YEARLY LOW

24.3189 HNL

YEARLY AVERAGE

24.6621 HNL

2023 BMD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BMD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 24.9500. Conversely, the yearly low was recorded on March 19, dropping to 24.3189.

This high-to-low spread represents a total annual volatility of 0.6311 HNL. From a start-to-finish perspective, comparing the January average rate of 24.6657 to the December average rate of 24.7130, 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 24.9500 was down 4.03% compared to the 2022 peak of 25.9970, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 124,750 HNL

2022 Average 123,032 HNL

Yearly Trough Low 121,595 HNL

Transaction Impact: A difference of 3,155.45 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

24.7910

24.5662

JanuMarcMayJulySeptNove

BMD 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 24.6400, compared to 24.6842 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0442 points.

H1 Avg (Jan–Jun) 24.6400

H2 Avg (Jul–Dec) 24.6842

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.4733 HNL (High: 24.8827 / Low: 24.4094). On the other end, January was the most stable month, with a tight range of 0.1104 HNL (High: 24.7000 / Low: 24.5896).

August Spread (Volatile) ±0.4733

January Spread (Stable) ±0.1104

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 0.0713 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0713

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 24.7723) against the same month in 2022 (average: 24.6410), the exchange rate shifted by +0.1313 (+0.53%).

2023 Avg (September) 24.7723

2022 Avg (September) 24.6410

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	24.7000	24.5896	24.6657
February	24.8825	24.4294	24.6521
March	24.6859	24.3189	24.6314
April	24.6600	24.3317	24.5850
May	24.6800	24.4984	24.6275
June	24.7500	24.4680	24.6783
July	24.7500	24.4291	24.6269
August	24.8827	24.4094	24.6188
September	24.9500	24.6002	24.7723
October	24.8400	24.5527	24.7010
November	24.7687	24.4937	24.6735
December	24.7931	24.6575	24.7130