2023 BMD to ZAR Historical Review

YEARLY HIGH

19.7830 ZAR

YEARLY LOW

16.7454 ZAR

YEARLY AVERAGE

18.4507 ZAR

2023 BMD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BMD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 19.7830. Conversely, the yearly low was recorded on January 12, dropping to 16.7454.

This high-to-low spread represents a total annual volatility of 3.0376 ZAR. From a start-to-finish perspective, comparing the January average rate of 17.0771 to the December average rate of 18.5968, the exchange rate registered a net change of 8.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.7830 was up 7.46% compared to the 2022 peak of 18.4090, 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 98,915 ZAR

2022 Average 81,879 ZAR

Yearly Trough Low 83,727 ZAR

Transaction Impact: A difference of 15,188.08 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.3033

16.8747

JanuMarcMayJulySeptNove

BMD to ZAR 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 18.2127, compared to 18.6888 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4760 points.

H1 Avg (Jan–Jun) 18.2127

H2 Avg (Jul–Dec) 18.6888

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.5630 ZAR (High: 19.1179 / Low: 17.5549). On the other end, September was the most stable month, with a tight range of 0.4704 ZAR (High: 19.2158 / Low: 18.7455).

July Spread (Volatile) ±1.5630

September Spread (Stable) ±0.4704

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 June and July, when the average rate fell by 0.5210 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5210

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 19.1009) against the same month in 2022 (average: 15.8953), the exchange rate shifted by +3.2056 (+20.17%).

2023 Avg (May) 19.1009

2022 Avg (May) 15.8953

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.4041	16.7454	17.0771
February	18.4233	17.0458	17.9254
March	18.7835	17.7834	18.2704
April	18.5079	17.7939	18.1654
May	19.7830	18.2946	19.1009
June	19.6254	18.1814	18.7372
July	19.1179	17.5549	18.2163
August	19.1857	18.2784	18.7832
September	19.2158	18.7455	18.9667
October	19.5133	18.6503	19.0327
November	18.8851	18.1898	18.5370
December	19.0816	18.2605	18.5968