2023 BWP to JPY Historical Review

YEARLY HIGH

11.2946 JPY

YEARLY LOW

9.8947 JPY

YEARLY AVERAGE

10.5161 JPY

2023 BWP to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 11.2946. Conversely, the yearly low was recorded on March 20, dropping to 9.8947.

This high-to-low spread represents a total annual volatility of 1.4000 JPY. From a start-to-finish perspective, comparing the January average rate of 10.1907 to the December average rate of 10.6372, the exchange rate registered a net change of 4.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.2946 was up 0.14% compared to the 2022 peak of 11.2791, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 56,473 JPY

2022 Average 53,061 JPY

Yearly Trough Low 49,473 JPY

Transaction Impact: A difference of 6,999.94 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.1819

10.0085

JanuMarcMayJulySeptNove

BWP to JPY 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 10.2263, compared to 10.8059 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5796 points.

H1 Avg (Jan–Jun) 10.2263

H2 Avg (Jul–Dec) 10.8059

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.7267 JPY (High: 10.7895 / Low: 10.0628). On the other end, September was the most stable month, with a tight range of 0.2154 JPY (High: 10.9372 / Low: 10.7219).

June Spread (Volatile) ±0.7267

September Spread (Stable) ±0.2154

Growth Streaks & Declines

Trends

Between March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.4468 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.4468

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 11.0841) against the same month in 2022 (average: 10.8486), the exchange rate shifted by +0.2354 (+2.17%).

2023 Avg (November) 11.0841

2022 Avg (November) 10.8486

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.4198	10.0387	10.1907
February	10.2993	10.0320	10.1797
March	10.3341	9.8947	10.1062
April	10.4363	10.0031	10.1765
May	10.4038	10.0102	10.1886
June	10.7895	10.0628	10.5160
July	10.8674	10.3863	10.6634
August	10.8537	10.5366	10.7310
September	10.9372	10.7219	10.8311
October	11.1021	10.7122	10.8885
November	11.2946	10.8759	11.0841
December	10.8654	10.4232	10.6372