2023 BMD to SZL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BMD to SZL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BMD to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 19.7712. Conversely, the yearly low was recorded on January 13, dropping to 16.8200.
This high-to-low spread represents a total annual volatility of 2.9512 SZL. From a start-to-finish perspective, comparing the January average rate of 17.1037 to the December average rate of 18.6342, the exchange rate registered a net change of 8.95% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 19.7712 was up 7.49% compared to the 2022 peak of 18.3930, 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 SZL 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 18.1908, compared to 18.6951 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5043 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 1.6019 SZL (High: 19.7712 / Low: 18.1694). On the other end, September was the most stable month, with a tight range of 0.5010 SZL (High: 19.2173 / Low: 18.7163).
Growth Streaks & Declines
TrendsBetween July and October, 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 October and November, when the average rate fell by 0.5568 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 18.7153) against the same month in 2022 (average: 15.7858), the exchange rate shifted by +2.9295 (+18.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 17.4355 | 16.8200 | 17.1037 |
| February | 18.4550 | 17.0900 | 17.9030 |
| March | 18.6244 | 17.8050 | 18.2513 |
| April | 18.4196 | 17.7559 | 18.1295 |
| May | 19.7635 | 18.2800 | 19.0419 |
| June | 19.7712 | 18.1694 | 18.7153 |
| July | 18.9588 | 17.5624 | 18.2221 |
| August | 19.4900 | 18.0142 | 18.7808 |
| September | 19.2173 | 18.7163 | 18.9543 |
| October | 19.4306 | 18.7760 | 19.0680 |
| November | 18.9512 | 18.1601 | 18.5112 |
| December | 19.0981 | 18.2385 | 18.6342 |