2023 BWP to KES Historical Review

YEARLY HIGH

11.7120 KES

YEARLY LOW

9.5032 KES

YEARLY AVERAGE

10.4631 KES

2023 BWP to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 11.7120. Conversely, the yearly low was recorded on February 25, dropping to 9.5032.

This high-to-low spread represents a total annual volatility of 2.2088 KES. From a start-to-finish perspective, comparing the January average rate of 9.7037 to the December average rate of 11.4373, the exchange rate registered a net change of 17.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.7120 was up 16.35% compared to the 2022 peak of 10.0663, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 58,560 KES

2022 Average 47,737 KES

Yearly Trough Low 47,516 KES

Transaction Impact: A difference of 11,043.86 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.6207

9.4199

JanuMarcMayJulySeptNove

BWP to KES 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 9.9868, compared to 10.9395 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9528 points.

H1 Avg (Jan–Jun) 9.9868

H2 Avg (Jul–Dec) 10.9395

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.6891 KES (High: 10.9478 / Low: 10.2587). On the other end, January was the most stable month, with a tight range of 0.1935 KES (High: 9.7800 / Low: 9.5864).

July Spread (Volatile) ±0.6891

January Spread (Stable) ±0.1935

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1004 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 11.4373) against the same month in 2022 (average: 9.5480), the exchange rate shifted by +1.8894 (+19.79%).

2023 Avg (December) 11.4373

2022 Avg (December) 9.5480

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.7800	9.5864	9.7037
February	9.8239	9.5032	9.6033
March	10.1847	9.6121	9.8025
April	10.4052	10.0862	10.2378
May	10.3696	10.0562	10.1878
June	10.5794	10.0286	10.3854
July	10.9478	10.2587	10.6835
August	10.7980	10.5372	10.6535
September	10.8577	10.6355	10.7550
October	11.0320	10.6809	10.8667
November	11.4094	11.0219	11.2410
December	11.7120	11.2094	11.4373