2023 BMD to TOP Historical Review

YEARLY HIGH

2.4106 TOP

YEARLY LOW

2.3104 TOP

YEARLY AVERAGE

2.3620 TOP

2023 BMD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BMD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 2.4106. Conversely, the yearly low was recorded on January 30, dropping to 2.3104.

This high-to-low spread represents a total annual volatility of 0.1002 TOP. From a start-to-finish perspective, comparing the January average rate of 2.3296 to the December average rate of 2.3499, the exchange rate registered a net change of 0.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4106 was down 1.91% compared to the 2022 peak of 2.4576, 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 12,053 TOP

2022 Average 11,654 TOP

Yearly Trough Low 11,552 TOP

Transaction Impact: A difference of 500.83 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4041

2.3228

JanuMarcMayJulySeptNove

BMD to TOP 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 2.3493, compared to 2.3747 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0254 points.

H1 Avg (Jan–Jun) 2.3493

H2 Avg (Jul–Dec) 2.3747

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0498 TOP (High: 2.3617 / Low: 2.3119). On the other end, September was the most stable month, with a tight range of 0.0140 TOP (High: 2.3980 / Low: 2.3840).

February Spread (Volatile) ±0.0498

September Spread (Stable) ±0.0140

Growth Streaks & Declines

Trends

Between 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 November and December, when the average rate fell by 0.0337 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0337

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 2.3973) against the same month in 2022 (average: 2.4353), the exchange rate shifted by -0.0380 (-1.56%).

2023 Avg (October) 2.3973

2022 Avg (October) 2.4353

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3539	2.3104	2.3296
February	2.3617	2.3119	2.3372
March	2.3746	2.3456	2.3586
April	2.3679	2.3429	2.3533
May	2.3814	2.3407	2.3590
June	2.3814	2.3377	2.3581
July	2.3690	2.3212	2.3482
August	2.3926	2.3504	2.3783
September	2.3980	2.3840	2.3911
October	2.4106	2.3828	2.3973
November	2.4055	2.3570	2.3835
December	2.3654	2.3306	2.3499