2023 BOB to INR Historical Review

YEARLY HIGH

12.1343 INR

YEARLY LOW

11.7203 INR

YEARLY AVERAGE

11.9536 INR

2023 BOB to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 12.1343. Conversely, the yearly low was recorded on January 22, dropping to 11.7203.

This high-to-low spread represents a total annual volatility of 0.4140 INR. From a start-to-finish perspective, comparing the January average rate of 11.8271 to the December average rate of 12.0333, the exchange rate registered a net change of 1.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.1343 was up 0.44% compared to the 2022 peak of 12.0806, 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 60,671 INR

2022 Average 57,016 INR

Yearly Trough Low 58,601 INR

Transaction Impact: A difference of 2,069.88 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.0882

11.8033

JanuMarcMayJulySeptNove

BOB to INR 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 11.8961, compared to 12.0111 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1150 points.

H1 Avg (Jan–Jun) 11.8961

H2 Avg (Jul–Dec) 12.0111

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.2919 INR (High: 12.1140 / Low: 11.8222). On the other end, September was the most stable month, with a tight range of 0.1037 INR (High: 12.0691 / Low: 11.9654).

March Spread (Volatile) ±0.2919

September Spread (Stable) ±0.1037

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0558 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0558

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 12.0644) against the same month in 2022 (average: 11.8130), the exchange rate shifted by +0.2514 (+2.13%).

2023 Avg (November) 12.0644

2022 Avg (November) 11.8130

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.9791	11.7203	11.8271
February	12.0455	11.8084	11.9568
March	12.1140	11.8222	11.9181
April	11.9323	11.8067	11.8623
May	12.0301	11.8258	11.9182
June	11.9619	11.8463	11.8939
July	12.0488	11.8481	11.9061
August	12.0679	11.9054	11.9886
September	12.0691	11.9654	12.0211
October	12.0991	11.9909	12.0530
November	12.1343	12.0205	12.0644
December	12.0719	11.9347	12.0333