2023 BOB to SRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BOB to SRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BOB to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 5.5829. Conversely, the yearly low was recorded on January 8, dropping to 4.5629.
This high-to-low spread represents a total annual volatility of 1.0200 SRD. From a start-to-finish perspective, comparing the January average rate of 4.6043 to the December average rate of 5.4012, the exchange rate registered a net change of 17.31% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 5.5829 was up 20.66% compared to the 2022 peak of 4.6270, 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 SRD 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 5.0918, compared to 5.5027 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4108 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.3776 SRD (High: 5.2275 / Low: 4.8499). On the other end, October was the most stable month, with a tight range of 0.0647 SRD (High: 5.5630 / Low: 5.4983).
Growth Streaks & Declines
TrendsBetween January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1023 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 5.5389) against the same month in 2022 (average: 3.5394), the exchange rate shifted by +1.9995 (+56.49%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.6923 | 4.5629 | 4.6043 |
| February | 4.9051 | 4.6290 | 4.7474 |
| March | 5.2275 | 4.8499 | 5.0131 |
| April | 5.4163 | 5.1715 | 5.3232 |
| May | 5.4772 | 5.3660 | 5.4063 |
| June | 5.5458 | 5.3812 | 5.4569 |
| July | 5.5825 | 5.3523 | 5.5036 |
| August | 5.5829 | 5.5107 | 5.5389 |
| September | 5.5819 | 5.5167 | 5.5440 |
| October | 5.5630 | 5.4983 | 5.5249 |
| November | 5.5666 | 5.4671 | 5.5035 |
| December | 5.4795 | 5.3075 | 5.4012 |