2023 BOB to MYR Historical Review

YEARLY HIGH

0.6932 MYR

YEARLY LOW

0.6105 MYR

YEARLY AVERAGE

0.6600 MYR

2023 BOB to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 24, valuing the pair at 0.6932. Conversely, the yearly low was recorded on February 5, dropping to 0.6105.

This high-to-low spread represents a total annual volatility of 0.0826 MYR. From a start-to-finish perspective, comparing the January average rate of 0.6264 to the December average rate of 0.6733, the exchange rate registered a net change of 7.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6932 was down 0.30% compared to the 2022 peak of 0.6952, 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 3,466 MYR

2022 Average 3,191 MYR

Yearly Trough Low 3,053 MYR

Transaction Impact: A difference of 413.14 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6933

0.6203

JanuMarcMayJulySeptNove

BOB to MYR 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 0.6451, compared to 0.6750 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0300 points.

H1 Avg (Jan–Jun) 0.6451

H2 Avg (Jul–Dec) 0.6750

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0390 MYR (High: 0.6496 / Low: 0.6105). On the other end, September was the most stable month, with a tight range of 0.0089 MYR (High: 0.6814 / Low: 0.6725).

February Spread (Volatile) ±0.0390

September Spread (Stable) ±0.0089

Growth Streaks & Declines

Trends

Between 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 October and November, when the average rate fell by 0.0076 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.6872) against the same month in 2022 (average: 0.6790), the exchange rate shifted by +0.0083 (+1.22%).

2023 Avg (October) 0.6872

2022 Avg (October) 0.6790

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6376	0.6139	0.6264
February	0.6496	0.6105	0.6317
March	0.6584	0.6390	0.6478
April	0.6459	0.6337	0.6404
May	0.6695	0.6421	0.6541
June	0.6810	0.6600	0.6700
July	0.6810	0.6529	0.6653
August	0.6744	0.6541	0.6671
September	0.6814	0.6725	0.6775
October	0.6932	0.6780	0.6872
November	0.6909	0.6709	0.6796
December	0.6801	0.6634	0.6733