2023 ANG to BGN Historical Review

YEARLY HIGH

1.0368 BGN

YEARLY LOW

0.9660 BGN

YEARLY AVERAGE

1.0037 BGN

2023 ANG to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ANG to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 1.0368. Conversely, the yearly low was recorded on July 18, dropping to 0.9660.

This high-to-low spread represents a total annual volatility of 0.0708 BGN. From a start-to-finish perspective, comparing the January average rate of 1.0064 to the December average rate of 0.9929, the exchange rate registered a net change of -1.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0368 was down 8.42% compared to the 2022 peak of 1.1320, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,184 BGN

2022 Average 5,161 BGN

Yearly Trough Low 4,830 BGN

Transaction Impact: A difference of 353.84 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0323

0.9781

JanuMarcMayJulySeptNove

ANG to BGN 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 1.0042, compared to 1.0032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 1.0042

H2 Avg (Jul–Dec) 1.0032

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0388 BGN (High: 1.0265 / Low: 0.9877). On the other end, April was the most stable month, with a tight range of 0.0171 BGN (High: 0.9987 / Low: 0.9816).

November Spread (Volatile) ±0.0388

April Spread (Stable) ±0.0171

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 March and April, when the average rate fell by 0.0248 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0248

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.0278) against the same month in 2022 (average: 1.1038), the exchange rate shifted by -0.0760 (-6.89%).

2023 Avg (October) 1.0278

2022 Avg (October) 1.1038

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0307	0.9950	1.0064
February	1.0284	0.9940	1.0143
March	1.0289	0.9959	1.0147
April	0.9987	0.9816	0.9899
May	1.0157	0.9806	0.9990
June	1.0148	0.9879	1.0010
July	1.0009	0.9660	0.9826
August	1.0052	0.9849	0.9949
September	1.0321	1.0039	1.0167
October	1.0368	1.0177	1.0278
November	1.0265	0.9877	1.0043
December	1.0082	0.9759	0.9929