2023 BWP to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BWP to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BWP to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 1547.6471. Conversely, the yearly low was recorded on March 8, dropping to 1262.4195.
This high-to-low spread represents a total annual volatility of 285.2277 LAK. From a start-to-finish perspective, comparing the January average rate of 1330.0366 to the December average rate of 1529.3404, the exchange rate registered a net change of 14.98% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1547.6471 was up 8.57% compared to the 2022 peak of 1425.4482, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BWP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BWP to LAK 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 1312.3094, compared to 1484.0658 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 171.7564 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 131.7855 LAK (High: 1417.3756 / Low: 1285.5901). On the other end, November was the most stable month, with a tight range of 28.6845 LAK (High: 1547.6471 / Low: 1518.9626).
Growth Streaks & Declines
TrendsBetween 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 January and February, when the average rate fell by 40.1297 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 1530.9047) against the same month in 2022 (average: 1312.9201), the exchange rate shifted by +217.9846 (+16.60%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1361.2574 | 1308.7082 | 1330.0366 |
| February | 1326.4767 | 1265.8862 | 1289.9069 |
| March | 1307.0966 | 1262.4195 | 1276.6772 |
| April | 1316.8785 | 1287.0055 | 1306.3267 |
| May | 1324.7095 | 1286.0758 | 1303.1992 |
| June | 1417.3756 | 1285.5901 | 1367.7097 |
| July | 1483.5470 | 1390.2393 | 1443.5240 |
| August | 1458.8887 | 1415.7752 | 1440.9049 |
| September | 1494.5165 | 1435.2071 | 1460.0747 |
| October | 1519.8929 | 1475.7654 | 1499.6458 |
| November | 1547.6471 | 1518.9626 | 1530.9047 |
| December | 1543.7311 | 1512.2460 | 1529.3404 |