2023 BND to SZL Historical Review

YEARLY HIGH

14.6348 SZL

YEARLY LOW

12.6063 SZL

YEARLY AVERAGE

13.7357 SZL

2023 BND to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 14.6348. Conversely, the yearly low was recorded on January 4, dropping to 12.6063.

This high-to-low spread represents a total annual volatility of 2.0286 SZL. From a start-to-finish perspective, comparing the January average rate of 12.8907 to the December average rate of 13.9860, the exchange rate registered a net change of 8.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.6348 was up 12.54% compared to the 2022 peak of 13.0039, 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 73,174 SZL

2022 Average 59,319 SZL

Yearly Trough Low 63,031 SZL

Transaction Impact: A difference of 10,142.87 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.3534

12.7578

JanuMarcMayJulySeptNove

BND to SZL 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 13.6184, compared to 13.8531 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2347 points.

H1 Avg (Jan–Jun) 13.6184

H2 Avg (Jul–Dec) 13.8531

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.0726 SZL (High: 14.6348 / Low: 13.5622). On the other end, September was the most stable month, with a tight range of 0.4128 SZL (High: 14.1239 / Low: 13.7110).

June Spread (Volatile) ±1.0726

September Spread (Stable) ±0.4128

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 0.3138 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3138

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 13.9066) against the same month in 2022 (average: 11.4028), the exchange rate shifted by +2.5038 (+21.96%).

2023 Avg (June) 13.9066

2022 Avg (June) 11.4028

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.2375	12.6063	12.8907
February	13.6918	13.0827	13.4403
March	13.9283	13.4114	13.6228
April	13.8398	13.3744	13.6294
May	14.6253	13.7687	14.2204
June	14.6348	13.5622	13.9066
July	14.1214	13.2242	13.6528
August	14.3643	13.5035	13.9059
September	14.1239	13.7110	13.9131
October	14.2165	13.7213	13.9314
November	14.0980	13.4258	13.7293
December	14.3576	13.6489	13.9860