2023 HNL to BWP Historical Review

YEARLY HIGH

0.5616 BWP

YEARLY LOW

0.5135 BWP

YEARLY AVERAGE

0.5415 BWP

2023 HNL to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 9, valuing the pair at 0.5616. Conversely, the yearly low was recorded on January 15, dropping to 0.5135.

This high-to-low spread represents a total annual volatility of 0.0481 BWP. From a start-to-finish perspective, comparing the January average rate of 0.5179 to the December average rate of 0.5465, the exchange rate registered a net change of 5.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5616 was up 2.85% compared to the 2022 peak of 0.5461, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,808 BWP

2022 Average 2,514 BWP

Yearly Trough Low 2,567 BWP

Transaction Impact: A difference of 240.68 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5599

0.5141

JanuMarcMayJulySeptNove

HNL to BWP 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 0.5351, compared to 0.5478 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0127 points.

H1 Avg (Jan–Jun) 0.5351

H2 Avg (Jul–Dec) 0.5478

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0273 BWP (High: 0.5603 / Low: 0.5330). On the other end, September was the most stable month, with a tight range of 0.0080 BWP (High: 0.5563 / Low: 0.5482).

May Spread (Volatile) ±0.0273

September Spread (Stable) ±0.0080

Growth Streaks & Declines

Trends

Between July and October, 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 0.0083 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0083

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.5561) against the same month in 2022 (average: 0.5403), the exchange rate shifted by +0.0157 (+2.91%).

2023 Avg (October) 0.5561

2022 Avg (October) 0.5403

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5228	0.5135	0.5179
February	0.5404	0.5153	0.5308
March	0.5435	0.5276	0.5367
April	0.5381	0.5276	0.5338
May	0.5603	0.5330	0.5470
June	0.5611	0.5358	0.5447
July	0.5512	0.5274	0.5376
August	0.5537	0.5367	0.5481
September	0.5563	0.5482	0.5509
October	0.5616	0.5510	0.5561
November	0.5521	0.5419	0.5478
December	0.5545	0.5403	0.5465