2023 BOB to NAD Historical Review

YEARLY HIGH

2.9299 NAD

YEARLY LOW

2.4335 NAD

YEARLY AVERAGE

2.6781 NAD

2023 BOB to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 28, valuing the pair at 2.9299. Conversely, the yearly low was recorded on January 12, dropping to 2.4335.

This high-to-low spread represents a total annual volatility of 0.4964 NAD. From a start-to-finish perspective, comparing the January average rate of 2.4717 to the December average rate of 2.7011, the exchange rate registered a net change of 9.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9299 was up 9.31% compared to the 2022 peak of 2.6804, 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 14,649 NAD

2022 Average 11,830 NAD

Yearly Trough Low 12,167 NAD

Transaction Impact: A difference of 2,482.00 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8207

2.4400

JanuMarcMayJulySeptNove

BOB to NAD 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 2.6356, compared to 2.7206 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0850 points.

H1 Avg (Jan–Jun) 2.6356

H2 Avg (Jul–Dec) 2.7206

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.2629 NAD (High: 2.8946 / Low: 2.6318). On the other end, January was the most stable month, with a tight range of 0.0676 NAD (High: 2.5011 / Low: 2.4335).

November Spread (Volatile) ±0.2629

January Spread (Stable) ±0.0676

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 0.0724 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0724

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 2.7890) against the same month in 2022 (average: 2.6194), the exchange rate shifted by +0.1696 (+6.48%).

2023 Avg (October) 2.7890

2022 Avg (October) 2.6194

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5011	2.4335	2.4717
February	2.6662	2.4683	2.5874
March	2.7036	2.5893	2.6489
April	2.6770	2.5713	2.6310
May	2.8552	2.6447	2.7633
June	2.8549	2.6301	2.7115
July	2.7491	2.5519	2.6433
August	2.8681	2.6416	2.7275
September	2.7838	2.7122	2.7465
October	2.9299	2.7155	2.7890
November	2.8946	2.6318	2.7166
December	2.7638	2.6313	2.7011