2023 CAD to BWP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CAD to BWP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CAD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 10.2547. Conversely, the yearly low was recorded on January 2, dropping to 9.4050.
This high-to-low spread represents a total annual volatility of 0.8497 BWP. From a start-to-finish perspective, comparing the January average rate of 9.5188 to the December average rate of 10.0714, the exchange rate registered a net change of 5.81% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 10.2547 was up 2.66% compared to the 2022 peak of 9.9890, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CAD to BWP 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 9.7787, compared to 10.0055 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2268 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 0.4872 BWP (High: 10.1626 / Low: 9.6754). On the other end, December was the most stable month, with a tight range of 0.1980 BWP (High: 10.1903 / Low: 9.9923).
Growth Streaks & Declines
TrendsBetween March and June, 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 0.1562 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 10.1158) against the same month in 2022 (average: 9.4767), the exchange rate shifted by +0.6392 (+6.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.6701 | 9.4050 | 9.5188 |
| February | 9.8423 | 9.5008 | 9.7224 |
| March | 9.7296 | 9.5020 | 9.6486 |
| April | 9.8481 | 9.6021 | 9.7100 |
| May | 10.1626 | 9.6754 | 9.9565 |
| June | 10.2547 | 10.0122 | 10.1158 |
| July | 10.2059 | 9.8191 | 10.0067 |
| August | 10.1070 | 9.9051 | 10.0067 |
| September | 10.2135 | 9.9475 | 10.0714 |
| October | 10.1963 | 9.8208 | 10.0166 |
| November | 10.0230 | 9.7268 | 9.8603 |
| December | 10.1903 | 9.9923 | 10.0714 |