2023 BTN to IDR Historical Review

YEARLY HIGH

191.6412 IDR

YEARLY LOW

178.8222 IDR

YEARLY AVERAGE

184.6230 IDR

2023 BTN to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BTN to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 191.6412. Conversely, the yearly low was recorded on May 6, dropping to 178.8222.

This high-to-low spread represents a total annual volatility of 12.8190 IDR. From a start-to-finish perspective, comparing the January average rate of 186.2806 to the December average rate of 185.8204, 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 191.6412 was down 1.50% compared to the 2022 peak of 194.5568, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BTN based on timing:

Yearly Peak High 958,206 IDR

2022 Average 945,054 IDR

Yearly Trough Low 894,111 IDR

Transaction Impact: A difference of 64,095.05 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

190.4481

179.5107

JanuMarcMayJulySeptNove

BTN to IDR 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 183.3110, compared to 185.9350 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.6239 points.

H1 Avg (Jan–Jun) 183.3110

H2 Avg (Jul–Dec) 185.9350

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 7.5215 IDR (High: 190.0052 / Low: 182.4837). On the other end, August was the most stable month, with a tight range of 2.1389 IDR (High: 185.1004 / Low: 182.9615).

March Spread (Volatile) ±7.5215

August Spread (Stable) ±2.1389

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 4.4877 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -4.4877

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 189.5367) against the same month in 2022 (average: 187.5195), the exchange rate shifted by +2.0172 (+1.08%).

2023 Avg (October) 189.5367

2022 Avg (October) 187.5195

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	189.7562	182.9265	186.2806
February	184.5718	181.3092	183.6163
March	190.0052	182.4837	186.0852
April	183.6784	179.3886	181.5976
May	181.6914	178.8222	180.4222
June	184.0497	179.7850	181.8643
July	184.6250	180.7668	183.4268
August	185.1004	182.9615	184.3558
September	186.9937	184.0950	185.2279
October	191.6412	185.7138	189.5367
November	191.0090	184.3034	187.2423
December	187.6277	184.1309	185.8204