2023 AWG to BGN Historical Review

YEARLY HIGH

1.0369 BGN

YEARLY LOW

0.9647 BGN

YEARLY AVERAGE

1.0041 BGN

2023 AWG to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AWG to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 1.0369. Conversely, the yearly low was recorded on July 16, dropping to 0.9647.

This high-to-low spread represents a total annual volatility of 0.0721 BGN. From a start-to-finish perspective, comparing the January average rate of 1.0070 to the December average rate of 0.9945, the exchange rate registered a net change of -1.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0369 was down 8.41% compared to the 2022 peak of 1.1321, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,184 BGN

2022 Average 5,167 BGN

Yearly Trough Low 4,824 BGN

Transaction Impact: A difference of 360.69 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0325

0.9771

JanuMarcMayJulySeptNove

AWG 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 1.0044, compared to 1.0039 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 1.0044

H2 Avg (Jul–Dec) 1.0039

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0375 BGN (High: 1.0258 / Low: 0.9882). On the other end, April was the most stable month, with a tight range of 0.0157 BGN (High: 0.9982 / Low: 0.9826).

November Spread (Volatile) ±0.0375

April Spread (Stable) ±0.0157

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 0.0246 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0246

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.0279) against the same month in 2022 (average: 1.1042), the exchange rate shifted by -0.0763 (-6.91%).

2023 Avg (October) 1.0279

2022 Avg (October) 1.1042

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0311	0.9948	1.0070
February	1.0301	0.9961	1.0152
March	1.0297	0.9959	1.0140
April	0.9982	0.9826	0.9894
May	1.0150	0.9802	0.9993
June	1.0145	0.9876	1.0014
July	1.0008	0.9647	0.9817
August	1.0065	0.9851	0.9954
September	1.0344	1.0060	1.0174
October	1.0369	1.0172	1.0279
November	1.0258	0.9882	1.0062
December	1.0101	0.9773	0.9945