2023 BOB to AED Historical Review

YEARLY HIGH

0.5391 AED

YEARLY LOW

0.5267 AED

YEARLY AVERAGE

0.5317 AED

2023 BOB to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.5391. Conversely, the yearly low was recorded on February 5, dropping to 0.5267.

This high-to-low spread represents a total annual volatility of 0.0124 AED. From a start-to-finish perspective, comparing the January average rate of 0.5315 to the December average rate of 0.5309, the exchange rate registered a net change of -0.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5391 was up 0.16% compared to the 2022 peak of 0.5382, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BOB based on timing:

Yearly Peak High 2,695 AED

2022 Average 2,664 AED

Yearly Trough Low 2,633 AED

Transaction Impact: A difference of 62.16 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5324

0.5307

JanuMarcMayJulySeptNove

BOB to AED 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 0.5317, compared to 0.5317 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.5317

H2 Avg (Jul–Dec) 0.5317

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0092 AED (High: 0.5391 / Low: 0.5299). On the other end, January was the most stable month, with a tight range of 0.0023 AED (High: 0.5333 / Low: 0.5311).

March Spread (Volatile) ±0.0092

January Spread (Stable) ±0.0023

Growth Streaks & Declines

Trends

Between August and November, 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 November and December, when the average rate fell by 0.0013 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.5323) against the same month in 2022 (average: 0.5340), the exchange rate shifted by -0.0017 (-0.32%).

2023 Avg (March) 0.5323

2022 Avg (March) 0.5340

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5333	0.5311	0.5315
February	0.5346	0.5267	0.5315
March	0.5391	0.5299	0.5323
April	0.5352	0.5291	0.5316
May	0.5331	0.5304	0.5317
June	0.5348	0.5295	0.5316
July	0.5366	0.5293	0.5321
August	0.5353	0.5295	0.5316
September	0.5334	0.5304	0.5317
October	0.5339	0.5304	0.5319
November	0.5359	0.5311	0.5322
December	0.5319	0.5286	0.5309