2023 BND to KES Historical Review

YEARLY HIGH

118.9955 KES

YEARLY LOW

91.6488 KES

YEARLY AVERAGE

104.1259 KES

2023 BND to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 118.9955. Conversely, the yearly low was recorded on January 7, dropping to 91.6488.

This high-to-low spread represents a total annual volatility of 27.3467 KES. From a start-to-finish perspective, comparing the January average rate of 93.4195 to the December average rate of 115.9413, the exchange rate registered a net change of 24.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 118.9955 was up 29.64% compared to the 2022 peak of 91.7900, 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 594,978 KES

2022 Average 427,749 KES

Yearly Trough Low 458,244 KES

Transaction Impact: A difference of 136,733.50 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

118.1935

91.1673

JanuMarcMayJulySeptNove

BND to KES 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 98.6153, compared to 109.6364 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.0210 points.

H1 Avg (Jan–Jun) 98.6153

H2 Avg (Jul–Dec) 109.6364

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 5.2281 KES (High: 114.9631 / Low: 109.7350). On the other end, February was the most stable month, with a tight range of 1.5436 KES (High: 95.4389 / Low: 93.8953).

November Spread (Volatile) ±5.2281

February Spread (Stable) ±1.5436

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 115.9413) against the same month in 2022 (average: 91.0121), the exchange rate shifted by +24.9293 (+27.39%).

2023 Avg (December) 115.9413

2022 Avg (December) 91.0121

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	94.8147	91.6488	93.4195
February	95.4389	93.8953	94.3354
March	99.8042	94.6428	96.7183
April	103.0742	99.7093	101.0140
May	103.1272	101.3001	102.4819
June	104.7600	101.8786	103.7230
July	107.6872	102.6010	105.9717
August	107.3562	105.2855	106.4410
September	108.6846	106.6815	107.7341
October	110.3052	107.5972	109.0492
November	114.9631	109.7350	112.6808
December	118.9955	113.9122	115.9413