2023 BZD to MYR Historical Review

YEARLY HIGH

2.3761 MYR

YEARLY LOW

2.0930 MYR

YEARLY AVERAGE

2.2631 MYR

2023 BZD to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BZD to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 24, valuing the pair at 2.3761. Conversely, the yearly low was recorded on February 5, dropping to 2.0930.

This high-to-low spread represents a total annual volatility of 0.2831 MYR. From a start-to-finish perspective, comparing the January average rate of 2.1474 to the December average rate of 2.3082, the exchange rate registered a net change of 7.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3761 was down 0.30% compared to the 2022 peak of 2.3833, 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 11,880 MYR

2022 Average 10,914 MYR

Yearly Trough Low 10,465 MYR

Transaction Impact: A difference of 1,415.52 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3767

2.1265

JanuMarcMayJulySeptNove

BZD to MYR 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 2.2121, compared to 2.3141 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1020 points.

H1 Avg (Jan–Jun) 2.2121

H2 Avg (Jul–Dec) 2.3141

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1338 MYR (High: 2.2267 / Low: 2.0930). On the other end, September was the most stable month, with a tight range of 0.0302 MYR (High: 2.3358 / Low: 2.3055).

February Spread (Volatile) ±0.1338

September Spread (Stable) ±0.0302

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0260 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0260

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 2.3559) against the same month in 2022 (average: 2.3301), the exchange rate shifted by +0.0258 (+1.11%).

2023 Avg (October) 2.3559

2022 Avg (October) 2.3301

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1858	2.1044	2.1474
February	2.2267	2.0930	2.1655
March	2.2569	2.1907	2.2232
April	2.2424	2.1807	2.1973
May	2.2955	2.2012	2.2424
June	2.3344	2.2623	2.2969
July	2.3346	2.2428	2.2812
August	2.3117	2.2425	2.2870
September	2.3358	2.3055	2.3226
October	2.3761	2.3244	2.3559
November	2.3683	2.3000	2.3299
December	2.3315	2.2741	2.3082