2023 BZD to IRR Historical Review

YEARLY HIGH

21258.1076 IRR

YEARLY LOW

20636.5744 IRR

YEARLY AVERAGE

20956.4259 IRR

2023 BZD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BZD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 21258.1076. Conversely, the yearly low was recorded on March 26, dropping to 20636.5744.

This high-to-low spread represents a total annual volatility of 621.5332 IRR. From a start-to-finish perspective, comparing the January average rate of 20804.2119 to the December average rate of 20928.9836, the exchange rate registered a net change of 0.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 21258.1076 was down 0.13% compared to the 2022 peak of 21286.0702, 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 106,290,538 IRR

2022 Average 104,854,885 IRR

Yearly Trough Low 103,182,872 IRR

Transaction Impact: A difference of 3,107,666.06 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21006.7519

20785.7991

JanuMarcMayJulySeptNove

BZD to IRR 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 20943.3581, compared to 20969.4936 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 26.1355 points.

H1 Avg (Jan–Jun) 20943.3581

H2 Avg (Jul–Dec) 20969.4936

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 621.5332 IRR (High: 21258.1076 / Low: 20636.5744). On the other end, May was the most stable month, with a tight range of 83.0355 IRR (High: 21026.0200 / Low: 20942.9845).

March Spread (Volatile) ±621.5332

May Spread (Stable) ±83.0355

Growth Streaks & Declines

Trends

Between January and April, 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 November and December, when the average rate fell by 59.3555 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -59.3555

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 20969.8787) against the same month in 2022 (average: 20981.5844), the exchange rate shifted by -11.7057 (-0.06%).

2023 Avg (March) 20969.8787

2022 Avg (March) 20981.5844

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20940.7248	20654.0806	20804.2119
February	21014.8980	20650.3517	20942.5650
March	21258.1076	20636.5744	20969.8787
April	21240.4525	20944.4965	20986.0338
May	21026.0200	20942.9845	20981.4594
June	21102.7648	20905.4067	20975.9999
July	21166.6300	20848.6749	20982.5586
August	21126.5250	20881.3357	20975.1864
September	21036.5711	20909.3947	20966.3435
October	21053.5128	20909.3947	20975.5505
November	21128.8530	20946.7536	20988.3391
December	20984.7867	20738.6294	20928.9836