2023 ZMK to BWP Historical Review

YEARLY HIGH

13.8506 BWP

YEARLY LOW

12.6316 BWP

YEARLY AVERAGE

13.3543 BWP

2023 ZMK to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZMK to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 13.8506. Conversely, the yearly low was recorded on January 15, dropping to 12.6316.

This high-to-low spread represents a total annual volatility of 1.2190 BWP. From a start-to-finish perspective, comparing the January average rate of 12.7740 to the December average rate of 13.5061, the exchange rate registered a net change of 5.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.8506 was up 2.40% compared to the 2022 peak of 13.5259, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 69,253 BWP

2022 Average 61,858 BWP

Yearly Trough Low 63,158 BWP

Transaction Impact: A difference of 6,094.83 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.8317

12.6778

JanuMarcMayJulySeptNove

ZMK 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 13.1857, compared to 13.5228 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3371 points.

H1 Avg (Jan–Jun) 13.1857

H2 Avg (Jul–Dec) 13.5228

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.6337 BWP (High: 13.7875 / Low: 13.1538). On the other end, October was the most stable month, with a tight range of 0.2205 BWP (High: 13.8506 / Low: 13.6301).

May Spread (Volatile) ±0.6337

October Spread (Stable) ±0.2205

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 0.2198 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2198

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 13.7355) against the same month in 2022 (average: 13.3770), the exchange rate shifted by +0.3585 (+2.68%).

2023 Avg (October) 13.7355

2022 Avg (October) 13.3770

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.8985	12.6316	12.7740
February	13.3217	12.6898	13.0846
March	13.4109	13.0098	13.2188
April	13.2438	13.0098	13.1245
May	13.7875	13.1538	13.4700
June	13.7879	13.2322	13.4423
July	13.5702	12.9908	13.2392
August	13.6352	13.2156	13.4937
September	13.7891	13.5056	13.6469
October	13.8506	13.6301	13.7355
November	13.6449	13.3486	13.5157
December	13.7108	13.3750	13.5061