2023 BZD to INR Historical Review

YEARLY HIGH

41.5972 INR

YEARLY LOW

40.1773 INR

YEARLY AVERAGE

40.9858 INR

2023 BZD to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BZD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 41.5972. Conversely, the yearly low was recorded on January 22, dropping to 40.1773.

This high-to-low spread represents a total annual volatility of 1.4199 INR. From a start-to-finish perspective, comparing the January average rate of 40.5442 to the December average rate of 41.2550, the exchange rate registered a net change of 1.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 41.5972 was up 0.44% compared to the 2022 peak of 41.4140, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 207,986 INR

2022 Average 194,992 INR

Yearly Trough Low 200,887 INR

Transaction Impact: A difference of 7,099.38 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

41.4397

40.4628

JanuMarcMayJulySeptNove

BZD to INR 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 40.7945, compared to 41.1770 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3825 points.

H1 Avg (Jan–Jun) 40.7945

H2 Avg (Jul–Dec) 41.1770

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.0011 INR (High: 41.5278 / Low: 40.5268). On the other end, September was the most stable month, with a tight range of 0.3551 INR (High: 41.3733 / Low: 41.0182).

March Spread (Volatile) ±1.0011

September Spread (Stable) ±0.3551

Growth Streaks & Declines

Trends

Between June and November, 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 0.2032 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.2032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 41.3583) against the same month in 2022 (average: 40.5038), the exchange rate shifted by +0.8544 (+2.11%).

2023 Avg (November) 41.3583

2022 Avg (November) 40.5038

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.0659	40.1773	40.5442
February	41.2937	40.4805	40.9893
March	41.5278	40.5268	40.9018
April	41.0959	40.5283	40.6986
May	41.2411	40.5467	40.8598
June	41.0072	40.6097	40.7735
July	41.3059	40.6125	40.8247
August	41.3673	40.8141	41.0971
September	41.3733	41.0182	41.2089
October	41.4750	41.1060	41.3183
November	41.5972	41.2069	41.3583
December	41.3839	40.9126	41.2550