2023 NAD to BMD Historical Review

YEARLY HIGH

0.0595 BMD

YEARLY LOW

0.0495 BMD

YEARLY AVERAGE

0.0541 BMD

2023 NAD to BMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to BMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.0595. Conversely, the yearly low was recorded on October 28, dropping to 0.0495.

This high-to-low spread represents a total annual volatility of 0.0100 BMD. From a start-to-finish perspective, comparing the January average rate of 0.0586 to the December average rate of 0.0535, the exchange rate registered a net change of -8.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0595 was down 13.59% compared to the 2022 peak of 0.0688, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 297 BMD

2022 Average 308 BMD

Yearly Trough Low 248 BMD

Transaction Impact: A difference of 49.83 BMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0592

0.0513

JanuMarcMayJulySeptNove

NAD to BMD 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 0.0550, compared to 0.0532 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0550

H2 Avg (Jul–Dec) 0.0532

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0050 BMD (High: 0.0549 / Low: 0.0500). On the other end, September was the most stable month, with a tight range of 0.0013 BMD (High: 0.0533 / Low: 0.0520).

November Spread (Volatile) ±0.0050

September Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.0026 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0586) against the same month in 2022 (average: 0.0645), the exchange rate shifted by -0.0060 (-9.25%).

2023 Avg (January) 0.0586

2022 Avg (January) 0.0645

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0595	0.0579	0.0586
February	0.0587	0.0543	0.0560
March	0.0559	0.0538	0.0547
April	0.0564	0.0540	0.0550
May	0.0547	0.0507	0.0524
June	0.0550	0.0507	0.0534
July	0.0567	0.0531	0.0548
August	0.0547	0.0504	0.0531
September	0.0533	0.0520	0.0527
October	0.0533	0.0495	0.0520
November	0.0549	0.0500	0.0534
December	0.0547	0.0524	0.0535