2023 BND to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BND to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BND to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 465.2009. Conversely, the yearly low was recorded on July 12, dropping to 439.9777.
This high-to-low spread represents a total annual volatility of 25.2232 XOF. From a start-to-finish perspective, comparing the January average rate of 458.2705 to the December average rate of 450.7570, the exchange rate registered a net change of -1.64% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 465.2009 was down 2.29% compared to the 2022 peak of 476.1190, 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 XOF 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 454.0164, compared to 449.1030 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.9134 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 16.3799 XOF (High: 457.3027 / Low: 440.9229). On the other end, August was the most stable month, with a tight range of 6.3848 XOF (High: 449.0082 / Low: 442.6234).
Growth Streaks & Declines
TrendsBetween July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 8.1691 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 458.2705) against the same month in 2022 (average: 429.0610), the exchange rate shifted by +29.2095 (+6.81%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 465.2009 | 454.3232 | 458.2705 |
| February | 463.1914 | 453.7529 | 460.2158 |
| March | 463.7726 | 452.4255 | 456.9569 |
| April | 457.3027 | 440.9229 | 448.7879 |
| May | 454.4347 | 441.7838 | 450.3419 |
| June | 455.2228 | 442.4870 | 449.5256 |
| July | 449.9146 | 439.9777 | 444.5307 |
| August | 449.0082 | 442.6234 | 445.2043 |
| September | 455.0313 | 447.6637 | 450.9123 |
| October | 456.9440 | 448.0210 | 453.5989 |
| November | 453.7859 | 443.2054 | 449.6150 |
| December | 454.6814 | 446.6429 | 450.7570 |