2023 BND to NAD Historical Review

YEARLY HIGH

14.7750 NAD

YEARLY LOW

12.6014 NAD

YEARLY AVERAGE

13.7776 NAD

2023 BND to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 28, valuing the pair at 14.7750. Conversely, the yearly low was recorded on January 5, dropping to 12.6014.

This high-to-low spread represents a total annual volatility of 2.1736 NAD. From a start-to-finish perspective, comparing the January average rate of 12.8726 to the December average rate of 14.0246, the exchange rate registered a net change of 8.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.7750 was up 13.40% compared to the 2022 peak of 13.0291, 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 73,875 NAD

2022 Average 59,115 NAD

Yearly Trough Low 63,007 NAD

Transaction Impact: A difference of 10,867.97 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.3922

12.7344

JanuMarcMayJulySeptNove

BND to NAD 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 13.6296, compared to 13.9256 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2960 points.

H1 Avg (Jan–Jun) 13.6296

H2 Avg (Jul–Dec) 13.9256

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.2663 NAD (High: 14.7102 / Low: 13.4439). On the other end, September was the most stable month, with a tight range of 0.3901 NAD (High: 14.1258 / Low: 13.7357).

November Spread (Volatile) ±1.2663

September Spread (Stable) ±0.3901

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.3341 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3341

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 14.0700) against the same month in 2022 (average: 12.6932), the exchange rate shifted by +1.3767 (+10.85%).

2023 Avg (October) 14.0700

2022 Avg (October) 12.6932

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.1151	12.6014	12.8726
February	13.6844	12.8736	13.4235
March	13.9098	13.4679	13.6427
April	13.9120	13.3549	13.6650
May	14.5857	13.7193	14.2540
June	14.5969	13.5624	13.9199
July	14.0565	13.2564	13.6719
August	14.6346	13.6373	13.9544
September	14.1258	13.7357	13.9273
October	14.7750	13.6969	14.0700
November	14.7102	13.4439	13.9057
December	14.3576	13.6799	14.0246