2023 SHP to BWP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SHP to BWP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SHP to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 7, valuing the pair at 17.4221. Conversely, the yearly low was recorded on January 5, dropping to 15.2376.
This high-to-low spread represents a total annual volatility of 2.1845 BWP. From a start-to-finish perspective, comparing the January average rate of 15.6406 to the December average rate of 17.1066, the exchange rate registered a net change of 9.37% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 17.4221 was up 8.31% compared to the 2022 peak of 16.0848, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SHP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SHP to BWP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 16.2662, compared to 16.9521 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6858 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 0.8025 BWP (High: 17.4221 / Low: 16.6196). On the other end, December was the most stable month, with a tight range of 0.3703 BWP (High: 17.3135 / Low: 16.9432).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.2338 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 17.0497) against the same month in 2022 (average: 15.1680), the exchange rate shifted by +1.8817 (+12.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.8832 | 15.2376 | 15.6406 |
| February | 16.0611 | 15.3471 | 15.7848 |
| March | 16.2992 | 15.7240 | 16.0456 |
| April | 16.6534 | 15.9841 | 16.3349 |
| May | 17.1589 | 16.4987 | 16.8051 |
| June | 17.2711 | 16.7785 | 16.9864 |
| July | 17.4221 | 16.6196 | 17.0497 |
| August | 17.3436 | 16.9097 | 17.1384 |
| September | 17.2459 | 16.6181 | 16.9045 |
| October | 16.9628 | 16.5592 | 16.7168 |
| November | 17.1907 | 16.5548 | 16.7964 |
| December | 17.3135 | 16.9432 | 17.1066 |