2023 BND to CAD Historical Review

YEARLY HIGH

1.0400 CAD

YEARLY LOW

0.9722 CAD

YEARLY AVERAGE

1.0057 CAD

2023 BND to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 1.0400. Conversely, the yearly low was recorded on June 26, dropping to 0.9722.

This high-to-low spread represents a total annual volatility of 0.0678 CAD. From a start-to-finish perspective, comparing the January average rate of 1.0114 to the December average rate of 1.0066, the exchange rate registered a net change of -0.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0400 was up 2.31% compared to the 2022 peak of 1.0164, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BND based on timing:

Yearly Peak High 5,200 CAD

2022 Average 4,721 CAD

Yearly Trough Low 4,861 CAD

Transaction Impact: A difference of 338.85 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0261

0.9839

JanuMarcMayJulySeptNove

BND to CAD 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 1.0098, compared to 1.0016 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0081 points.

H1 Avg (Jan–Jun) 1.0098

H2 Avg (Jul–Dec) 1.0016

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0312 CAD (High: 1.0400 / Low: 1.0088). On the other end, August was the most stable month, with a tight range of 0.0114 CAD (High: 1.0044 / Low: 0.9929).

March Spread (Volatile) ±0.0312

August Spread (Stable) ±0.0114

Growth Streaks & Declines

Trends

Between June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0230 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0230

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1.0226) against the same month in 2022 (average: 0.9310), the exchange rate shifted by +0.0916 (+9.84%).

2023 Avg (March) 1.0226

2022 Avg (March) 0.9310

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0247	0.9959	1.0114
February	1.0230	1.0006	1.0105
March	1.0400	1.0088	1.0226
April	1.0278	1.0051	1.0162
May	1.0281	1.0009	1.0105
June	0.9965	0.9722	0.9874
July	1.0046	0.9756	0.9914
August	1.0044	0.9929	0.9985
September	1.0055	0.9839	0.9947
October	1.0162	0.9925	1.0019
November	1.0257	1.0051	1.0166
December	1.0151	0.9953	1.0066