2023 BBD to BGN Historical Review

YEARLY HIGH

0.9345 BGN

YEARLY LOW

0.8694 BGN

YEARLY AVERAGE

0.9041 BGN

2023 BBD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BBD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.9345. Conversely, the yearly low was recorded on July 16, dropping to 0.8694.

This high-to-low spread represents a total annual volatility of 0.0650 BGN. From a start-to-finish perspective, comparing the January average rate of 0.9069 to the December average rate of 0.8956, 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 0.9345 was down 8.41% compared to the 2022 peak of 1.0203, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,672 BGN

2022 Average 4,651 BGN

Yearly Trough Low 4,347 BGN

Transaction Impact: A difference of 325.07 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9297

0.8803

JanuMarcMayJulySeptNove

BBD 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 0.9045, compared to 0.9037 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.9045

H2 Avg (Jul–Dec) 0.9037

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0351 BGN (High: 0.9245 / Low: 0.8894). On the other end, April was the most stable month, with a tight range of 0.0141 BGN (High: 0.8984 / Low: 0.8843).

November Spread (Volatile) ±0.0351

April Spread (Stable) ±0.0141

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 0.0219 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0219

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.9256) against the same month in 2022 (average: 0.9943), the exchange rate shifted by -0.0687 (-6.91%).

2023 Avg (October) 0.9256

2022 Avg (October) 0.9943

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9293	0.8966	0.9069
February	0.9271	0.8965	0.9141
March	0.9270	0.8976	0.9130
April	0.8984	0.8843	0.8911
May	0.9147	0.8834	0.9000
June	0.9143	0.8901	0.9019
July	0.9008	0.8694	0.8844
August	0.9058	0.8878	0.8965
September	0.9309	0.9054	0.9160
October	0.9345	0.9167	0.9256
November	0.9245	0.8894	0.9040
December	0.9091	0.8808	0.8956