2023 GIP to BAM Historical Review

YEARLY HIGH

2.3148 BAM

YEARLY LOW

2.1559 BAM

YEARLY AVERAGE

2.2482 BAM

2023 GIP to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GIP to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on June 16, valuing the pair at 2.3148. Conversely, the yearly low was recorded on February 3, dropping to 2.1559.

This high-to-low spread represents a total annual volatility of 0.1589 BAM. From a start-to-finish perspective, comparing the January average rate of 2.2254 to the December average rate of 2.2695, the exchange rate registered a net change of 1.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3148 was down 2.28% compared to the 2022 peak of 2.3687, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,574 BAM

2022 Average 11,470 BAM

Yearly Trough Low 10,780 BAM

Transaction Impact: A difference of 794.30 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2887

2.1947

JanuMarcMayJulySeptNove

GIP 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 2.2314, compared to 2.2650 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0336 points.

H1 Avg (Jan–Jun) 2.2314

H2 Avg (Jul–Dec) 2.2650

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0777 BAM (High: 2.2336 / Low: 2.1559). On the other end, December was the most stable month, with a tight range of 0.0428 BAM (High: 2.2923 / Low: 2.2495).

February Spread (Volatile) ±0.0777

December Spread (Stable) ±0.0428

Growth Streaks & Declines

Trends

Between February and June, 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 January and February, when the average rate fell by 0.0228 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0228

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 2.2808) against the same month in 2022 (average: 2.2780), the exchange rate shifted by +0.0028 (+0.12%).

2023 Avg (June) 2.2808

2022 Avg (June) 2.2780

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2609	2.1962	2.2254
February	2.2336	2.1559	2.2026
March	2.2419	2.1700	2.2178
April	2.2416	2.1840	2.2181
May	2.2674	2.2185	2.2437
June	2.3148	2.2571	2.2808
July	2.3066	2.2444	2.2778
August	2.2936	2.2471	2.2762
September	2.2927	2.2419	2.2653
October	2.2751	2.2294	2.2523
November	2.2785	2.2305	2.2487
December	2.2923	2.2495	2.2695