2023 BOB to KES Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BOB to KES Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BOB to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 22.7207. Conversely, the yearly low was recorded on January 2, dropping to 17.8580.
This high-to-low spread represents a total annual volatility of 4.8627 KES. From a start-to-finish perspective, comparing the January average rate of 17.9379 to the December average rate of 22.3278, the exchange rate registered a net change of 24.47% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 22.7207 was up 27.13% compared to the 2022 peak of 17.8719, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BOB to KES 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 19.0687, compared to 21.4147 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3460 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.7546 KES (High: 19.1882 / Low: 18.4336). On the other end, January was the most stable month, with a tight range of 0.1551 KES (High: 18.0130 / Low: 17.8580).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 22.3278) against the same month in 2022 (average: 17.7984), the exchange rate shifted by +4.5294 (+25.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 18.0130 | 17.8580 | 17.9379 |
| February | 18.3937 | 18.0239 | 18.1804 |
| March | 19.1882 | 18.4336 | 18.7770 |
| April | 19.6898 | 19.1882 | 19.4488 |
| May | 20.0745 | 19.6014 | 19.8650 |
| June | 20.4513 | 19.8988 | 20.2031 |
| July | 20.6871 | 20.1440 | 20.4833 |
| August | 21.0333 | 20.5777 | 20.8040 |
| September | 21.4358 | 20.9997 | 21.2454 |
| October | 21.8291 | 21.3778 | 21.6157 |
| November | 22.2074 | 21.7772 | 22.0119 |
| December | 22.7207 | 22.0412 | 22.3278 |