2023 BOB to KRW Historical Review

YEARLY HIGH

196.7510 KRW

YEARLY LOW

176.9000 KRW

YEARLY AVERAGE

189.0833 KRW

2023 BOB to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 196.7510. Conversely, the yearly low was recorded on February 1, dropping to 176.9000.

This high-to-low spread represents a total annual volatility of 19.8510 KRW. From a start-to-finish perspective, comparing the January average rate of 179.8193 to the December average rate of 188.1285, the exchange rate registered a net change of 4.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 196.7510 was down 6.38% compared to the 2022 peak of 210.1499, 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 983,755 KRW

2022 Average 936,936 KRW

Yearly Trough Low 884,500 KRW

Transaction Impact: A difference of 99,255.05 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

197.1314

178.2455

JanuMarcMayJulySeptNove

BOB to KRW 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 187.5345, compared to 190.6322 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.0977 points.

H1 Avg (Jan–Jun) 187.5345

H2 Avg (Jul–Dec) 190.6322

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 14.4555 KRW (High: 191.3555 / Low: 176.9000). On the other end, October was the most stable month, with a tight range of 3.0234 KRW (High: 196.7510 / Low: 193.7275).

February Spread (Volatile) ±14.4555

October Spread (Stable) ±3.0234

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 October and November, when the average rate fell by 6.2392 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -6.2392

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 195.5576) against the same month in 2022 (average: 206.6466), the exchange rate shifted by -11.0891 (-5.37%).

2023 Avg (October) 195.5576

2022 Avg (October) 206.6466

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	185.1445	177.9212	179.8193
February	191.3555	176.9000	185.1921
March	192.1203	186.2694	189.1354
April	194.1571	188.4162	191.2851
May	194.8849	190.0930	192.2587
June	191.5549	183.4060	187.5164
July	191.7148	183.0468	186.1455
August	194.4638	186.5186	191.5566
September	195.9892	190.7900	193.0866
October	196.7510	193.7275	195.5576
November	195.2329	186.5360	189.3183
December	190.6584	185.1694	188.1285