2023 BMD to XAF Historical Review

YEARLY HIGH

626.5409 XAF

YEARLY LOW

583.4082 XAF

YEARLY AVERAGE

606.2184 XAF

2023 BMD to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BMD to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 626.5409. Conversely, the yearly low was recorded on July 14, dropping to 583.4082.

This high-to-low spread represents a total annual volatility of 43.1328 XAF. From a start-to-finish perspective, comparing the January average rate of 608.1052 to the December average rate of 600.5613, the exchange rate registered a net change of -1.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 626.5409 was down 8.35% compared to the 2022 peak of 683.5869, 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 3,132,705 XAF

2022 Average 3,119,245 XAF

Yearly Trough Low 2,917,041 XAF

Transaction Impact: A difference of 215,663.81 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

623.6027

590.4744

JanuMarcMayJulySeptNove

BMD to XAF 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 606.3595, compared to 606.0773 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2822 points.

H1 Avg (Jan–Jun) 606.3595

H2 Avg (Jul–Dec) 606.0773

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 28.2321 XAF (High: 613.3526 / Low: 585.1205). On the other end, October was the most stable month, with a tight range of 11.8108 XAF (High: 626.5409 / Low: 614.7301).

May Spread (Volatile) ±28.2321

October Spread (Stable) ±11.8108

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 March and April, when the average rate fell by 15.2739 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -15.2739

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 620.8420) against the same month in 2022 (average: 666.9686), the exchange rate shifted by -46.1267 (-6.92%).

2023 Avg (October) 620.8420

2022 Avg (October) 666.9686

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	623.5199	600.6657	608.1052
February	621.5578	595.6342	612.9542
March	621.8315	601.5498	612.2271
April	607.1146	589.4918	596.9532
May	613.3526	585.1205	602.9812
June	613.2245	596.7766	604.9359
July	604.2813	583.4082	593.2351
August	607.6497	594.9222	601.2629
September	624.4058	607.8551	614.2998
October	626.5409	614.7301	620.8420
November	619.6288	596.0960	606.2625
December	609.3282	590.5025	600.5613