2023 BMD to THB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BMD to THB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BMD to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 37.1141. Conversely, the yearly low was recorded on January 21, dropping to 32.6426.
This high-to-low spread represents a total annual volatility of 4.4715 THB. From a start-to-finish perspective, comparing the January average rate of 33.2077 to the December average rate of 34.9045, the exchange rate registered a net change of 5.11% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 37.1141 was down 3.10% compared to the 2022 peak of 38.3000, 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 THB 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 34.1520, compared to 35.3828 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2308 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 2.5015 THB (High: 35.2400 / Low: 32.7385). On the other end, April was the most stable month, with a tight range of 0.6339 THB (High: 34.4925 / Low: 33.8586).
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 1.0570 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 36.4867) against the same month in 2022 (average: 37.9224), the exchange rate shifted by -1.4358 (-3.79%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 34.6004 | 32.6426 | 33.2077 |
| February | 35.2400 | 32.7385 | 34.0719 |
| March | 35.1035 | 33.7229 | 34.4142 |
| April | 34.4925 | 33.8586 | 34.1760 |
| May | 34.7600 | 33.5400 | 34.1773 |
| June | 35.6400 | 34.5418 | 34.8649 |
| July | 35.2900 | 34.0279 | 34.6244 |
| August | 35.4983 | 34.2900 | 35.0428 |
| September | 36.6755 | 35.0331 | 35.8086 |
| October | 37.1141 | 35.9230 | 36.4867 |
| November | 36.0820 | 34.6725 | 35.4297 |
| December | 35.7009 | 34.1978 | 34.9045 |