YEARLY HIGH
2.2487 BBD
YEARLY LOW
2.0939 BBD
YEARLY AVERAGE
2.1646 BBD

2023 EUR to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 2.2487. Conversely, the yearly low was recorded on October 3, dropping to 2.0939.

This high-to-low spread represents a total annual volatility of 0.1548 BBD. From a start-to-finish perspective, comparing the January average rate of 2.1576 to the December average rate of 2.1847, the exchange rate registered a net change of 1.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2487 was down 1.86% compared to the 2022 peak of 2.2913, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,244 BBD
2022 Average 10,538 BBD
Yearly Trough Low 10,470 BBD
Transaction Impact: A difference of 774.03 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2216
2.1033
JanuMarcMayJulySeptNove

EUR to BBD 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 2.1640, compared to 2.1653 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 2.1640
H2 Avg (Jul–Dec) 2.1653

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.1032 BBD (High: 2.2421 / Low: 2.1389). On the other end, October was the most stable month, with a tight range of 0.0402 BBD (High: 2.1341 / Low: 2.0939).

May Spread (Volatile) ±0.1032
October Spread (Stable) ±0.0402

Growth Streaks & Declines

Trends

Between February and April, 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 August and September, when the average rate fell by 0.0463 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0463

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.2117) against the same month in 2022 (average: 2.0393), the exchange rate shifted by +0.1724 (+8.45%).

2023 Avg (July) 2.2117
2022 Avg (July) 2.0393

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.1841 2.1040 2.1576
February 2.2026 2.1107 2.1405
March 2.1809 2.1098 2.1430
April 2.2255 2.1609 2.1978
May 2.2421 2.1389 2.1761
June 2.1983 2.1394 2.1689
July 2.2487 2.1710 2.2117
August 2.2052 2.1590 2.1820
September 2.1583 2.1011 2.1357
October 2.1341 2.0939 2.1132
November 2.2008 2.1173 2.1642
December 2.2217 2.1530 2.1847