YEARLY HIGH
0.0315 AZN
YEARLY LOW
0.0293 AZN
YEARLY AVERAGE
0.0304 AZN

2023 DOP to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DOP to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.0315. Conversely, the yearly low was recorded on December 31, dropping to 0.0293.

This high-to-low spread represents a total annual volatility of 0.0022 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0300 to the December average rate of 0.0297, the exchange rate registered a net change of -1.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0315 was down 2.38% compared to the 2022 peak of 0.0322, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 157 AZN
2022 Average 155 AZN
Yearly Trough Low 146 AZN
Transaction Impact: A difference of 11.00 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0313
0.0295
JanuMarcMayJulySeptNove

DOP to AZN 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 0.0307, compared to 0.0300 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0307
H2 Avg (Jul–Dec) 0.0300

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0009 AZN (High: 0.0315 / Low: 0.0306). On the other end, October was the most stable month, with a tight range of 0.0002 AZN (High: 0.0301 / Low: 0.0299).

March Spread (Volatile) ±0.0009
October Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0005 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0309) against the same month in 2022 (average: 0.0310), the exchange rate shifted by -0.0000 (-0.03%).

2023 Avg (March) 0.0309
2022 Avg (March) 0.0310

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0302 0.0299 0.0300
February 0.0306 0.0297 0.0303
March 0.0315 0.0306 0.0309
April 0.0314 0.0309 0.0311
May 0.0313 0.0310 0.0312
June 0.0312 0.0307 0.0310
July 0.0309 0.0302 0.0305
August 0.0303 0.0298 0.0300
September 0.0301 0.0298 0.0300
October 0.0301 0.0299 0.0299
November 0.0302 0.0297 0.0300
December 0.0299 0.0293 0.0297