2023 BND to NPR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BND to NPR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BND to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 101.1084. Conversely, the yearly low was recorded on July 1, dropping to 96.6371.
This high-to-low spread represents a total annual volatility of 4.4713 NPR. From a start-to-finish perspective, comparing the January average rate of 98.6634 to the December average rate of 100.0647, the exchange rate registered a net change of 1.42% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 101.1084 was up 2.59% compared to the 2022 peak of 98.5598, 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 NPR 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 98.4379, compared to 98.3380 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0999 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 3.2849 NPR (High: 99.9220 / Low: 96.6371). On the other end, October was the most stable month, with a tight range of 0.8451 NPR (High: 97.6796 / Low: 96.8345).
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 1.0438 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 100.0647) against the same month in 2022 (average: 97.5883), the exchange rate shifted by +2.4764 (+2.54%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 99.6062 | 97.9621 | 98.6634 |
| February | 100.6320 | 98.0611 | 99.2244 |
| March | 99.1588 | 96.8551 | 98.1806 |
| April | 99.2050 | 97.8917 | 98.5080 |
| May | 99.1356 | 97.6447 | 98.3321 |
| June | 98.2915 | 96.6371 | 97.7189 |
| July | 99.9220 | 96.6371 | 98.4397 |
| August | 98.8204 | 97.3969 | 98.1064 |
| September | 98.0546 | 97.1215 | 97.4892 |
| October | 97.6796 | 96.8345 | 97.2017 |
| November | 100.0223 | 97.2265 | 98.7262 |
| December | 101.1084 | 99.3365 | 100.0647 |