2023 BZD to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BZD to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BZD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 1047.4794. Conversely, the yearly low was recorded on January 25, dropping to 1041.6678.
This high-to-low spread represents a total annual volatility of 5.8115 MMK. From a start-to-finish perspective, comparing the January average rate of 1041.8284 to the December average rate of 1041.8208, the exchange rate registered a net change of -0.00% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1047.4794 was down 0.50% compared to the 2022 peak of 1052.7822, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BZD to MMK 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 1042.0054, compared to 1041.8198 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1856 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 5.7156 MMK (High: 1047.4794 / Low: 1041.7638). On the other end, November was the most stable month, with a tight range of 0.0876 MMK (High: 1041.8555 / Low: 1041.7679).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.0792 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 1042.8939) against the same month in 2022 (average: 882.4593), the exchange rate shifted by +160.4345 (+18.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1041.8890 | 1041.6678 | 1041.8284 |
| February | 1041.9084 | 1041.7879 | 1041.8304 |
| March | 1047.4794 | 1041.7638 | 1042.8939 |
| April | 1041.8479 | 1041.6847 | 1041.8146 |
| May | 1042.3356 | 1041.7849 | 1041.8484 |
| June | 1041.8843 | 1041.7492 | 1041.8169 |
| July | 1041.8918 | 1041.7783 | 1041.8188 |
| August | 1041.8888 | 1041.6912 | 1041.8044 |
| September | 1042.0087 | 1041.7844 | 1041.8346 |
| October | 1041.9286 | 1041.7819 | 1041.8244 |
| November | 1041.8555 | 1041.7679 | 1041.8162 |
| December | 1041.8810 | 1041.7742 | 1041.8208 |