2023 BND to INR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BND to INR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BND to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 63.0702. Conversely, the yearly low was recorded on July 1, dropping to 60.4546.
This high-to-low spread represents a total annual volatility of 2.6156 INR. From a start-to-finish perspective, comparing the January average rate of 61.5909 to the December average rate of 62.4824, the exchange rate registered a net change of 1.45% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 63.0702 was up 2.52% compared to the 2022 peak of 61.5176, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BND based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BND to INR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 61.5300, compared to 61.4896 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0404 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 1.8849 INR (High: 62.3395 / Low: 60.4546). On the other end, October was the most stable month, with a tight range of 0.6009 INR (High: 61.1100 / Low: 60.5091).
Growth Streaks & Declines
TrendsBetween October and December, 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 February and March, when the average rate fell by 0.6581 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 62.4824) against the same month in 2022 (average: 60.9843), the exchange rate shifted by +1.4981 (+2.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 62.1690 | 60.9808 | 61.5909 |
| February | 62.9422 | 61.2661 | 62.0437 |
| March | 62.3267 | 60.5288 | 61.3856 |
| April | 62.0072 | 61.1428 | 61.6113 |
| May | 61.9187 | 60.9949 | 61.4854 |
| June | 61.3896 | 60.4546 | 61.0632 |
| July | 62.3395 | 60.4546 | 61.5936 |
| August | 62.0048 | 60.7597 | 61.3392 |
| September | 61.2641 | 60.5598 | 60.9589 |
| October | 61.1100 | 60.5091 | 60.8062 |
| November | 62.5727 | 60.7465 | 61.7571 |
| December | 63.0702 | 61.9847 | 62.4824 |