2023 BND to IDR Historical Review

YEARLY HIGH

11731.3648 IDR

YEARLY LOW

10975.3917 IDR

YEARLY AVERAGE

11352.5722 IDR

2023 BND to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 11731.3648. Conversely, the yearly low was recorded on April 29, dropping to 10975.3917.

This high-to-low spread represents a total annual volatility of 755.9731 IDR. From a start-to-finish perspective, comparing the January average rate of 11486.4066 to the December average rate of 11621.3000, the exchange rate registered a net change of 1.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 11731.3648 was up 0.11% compared to the 2022 peak of 11718.1993, 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 58,656,824 IDR

2022 Average 53,856,398 IDR

Yearly Trough Low 54,876,959 IDR

Transaction Impact: A difference of 3,779,865.38 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11674.5830

11035.1871

JanuMarcMayJulySeptNove

BND to IDR 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 11277.8089, compared to 11427.3355 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 149.5265 points.

H1 Avg (Jan–Jun) 11277.8089

H2 Avg (Jul–Dec) 11427.3355

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 362.0739 IDR (High: 11695.4962 / Low: 11333.4222). On the other end, September was the most stable month, with a tight range of 130.0117 IDR (High: 11362.2680 / Low: 11232.2562).

January Spread (Volatile) ±362.0739

September Spread (Stable) ±130.0117

Growth Streaks & Declines

Trends

Between May and August, 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 237.3411 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -237.3411

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 11621.3000) against the same month in 2022 (average: 11517.0254), the exchange rate shifted by +104.2745 (+0.91%).

2023 Avg (December) 11621.3000

2022 Avg (December) 11517.0254

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11695.4962	11333.4222	11486.4066
February	11517.7633	11278.9158	11386.8738
March	11609.6517	11274.9784	11417.7417
April	11294.7339	10975.3917	11180.4006
May	11174.2128	10999.0085	11088.4701
June	11203.4449	11006.6551	11106.9609
July	11389.7067	11075.4782	11285.1572
August	11374.3709	11217.6308	11304.0478
September	11362.2680	11232.2562	11285.9474
October	11655.3632	11322.3619	11514.5794
November	11686.8467	11361.7663	11552.9809
December	11731.3648	11431.8462	11621.3000