2023 FJD to BAM Historical Review

YEARLY HIGH

0.8526 BAM

YEARLY LOW

0.7824 BAM

YEARLY AVERAGE

0.8111 BAM

2023 FJD to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.8526. Conversely, the yearly low was recorded on August 18, dropping to 0.7824.

This high-to-low spread represents a total annual volatility of 0.0702 BAM. From a start-to-finish perspective, comparing the January average rate of 0.8345 to the December average rate of 0.8088, the exchange rate registered a net change of -3.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8526 was down 4.99% compared to the 2022 peak of 0.8974, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,263 BAM

2022 Average 4,247 BAM

Yearly Trough Low 3,912 BAM

Transaction Impact: A difference of 351.24 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8386

0.7904

JanuMarcMayJulySeptNove

FJD to BAM 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 0.8192, compared to 0.8030 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0161 points.

H1 Avg (Jan–Jun) 0.8192

H2 Avg (Jul–Dec) 0.8030

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0320 BAM (High: 0.8216 / Low: 0.7897). On the other end, December was the most stable month, with a tight range of 0.0131 BAM (High: 0.8166 / Low: 0.8035).

June Spread (Volatile) ±0.0320

December Spread (Stable) ±0.0131

Growth Streaks & Declines

Trends

Between April and June, 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 0.0185 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0185

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8345) against the same month in 2022 (average: 0.8112), the exchange rate shifted by +0.0234 (+2.88%).

2023 Avg (January) 0.8345

2022 Avg (January) 0.8112

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8526	0.8238	0.8345
February	0.8415	0.8175	0.8321
March	0.8328	0.8123	0.8238
April	0.8195	0.7902	0.8053
May	0.8174	0.7931	0.8083
June	0.8216	0.7897	0.8109
July	0.8075	0.7843	0.7975
August	0.8031	0.7824	0.7944
September	0.8145	0.7979	0.8053
October	0.8211	0.8019	0.8112
November	0.8140	0.7825	0.8009
December	0.8166	0.8035	0.8088