2023 BOB to SAR Historical Review

YEARLY HIGH

0.5514 SAR

YEARLY LOW

0.5381 SAR

YEARLY AVERAGE

0.5431 SAR

2023 BOB to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.5514. Conversely, the yearly low was recorded on February 5, dropping to 0.5381.

This high-to-low spread represents a total annual volatility of 0.0133 SAR. From a start-to-finish perspective, comparing the January average rate of 0.5436 to the December average rate of 0.5422, the exchange rate registered a net change of -0.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5514 was up 0.18% compared to the 2022 peak of 0.5504, 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 2,757 SAR

2022 Average 2,724 SAR

Yearly Trough Low 2,690 SAR

Transaction Impact: A difference of 66.38 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5443

0.5420

JanuMarcMayJulySeptNove

BOB to SAR 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 0.5432, compared to 0.5430 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.5432

H2 Avg (Jul–Dec) 0.5430

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0093 SAR (High: 0.5514 / Low: 0.5420). On the other end, January was the most stable month, with a tight range of 0.0026 SAR (High: 0.5454 / Low: 0.5427).

March Spread (Volatile) ±0.0093

January Spread (Stable) ±0.0026

Growth Streaks & Declines

Trends

Between August and November, 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 March and April, when the average rate fell by 0.0012 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.5441) against the same month in 2022 (average: 0.5454), the exchange rate shifted by -0.0013 (-0.24%).

2023 Avg (March) 0.5441

2022 Avg (March) 0.5454

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5454	0.5427	0.5436
February	0.5461	0.5381	0.5429
March	0.5514	0.5420	0.5441
April	0.5468	0.5405	0.5430
May	0.5444	0.5417	0.5430
June	0.5462	0.5408	0.5428
July	0.5479	0.5407	0.5433
August	0.5468	0.5409	0.5429
September	0.5448	0.5416	0.5429
October	0.5452	0.5419	0.5432
November	0.5455	0.5423	0.5433
December	0.5433	0.5399	0.5422