2023 BGN to AFN Historical Review

YEARLY HIGH

51.3324 AFN

YEARLY LOW

38.1106 AFN

YEARLY AVERAGE

45.7756 AFN

2023 BGN to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 51.3324. Conversely, the yearly low was recorded on December 9, dropping to 38.1106.

This high-to-low spread represents a total annual volatility of 13.2218 AFN. From a start-to-finish perspective, comparing the January average rate of 48.9941 to the December average rate of 39.0570, the exchange rate registered a net change of -20.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 51.3324 was down 16.67% compared to the 2022 peak of 61.6001, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 256,662 AFN

2022 Average 242,820 AFN

Yearly Trough Low 190,553 AFN

Transaction Impact: A difference of 66,109.03 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

50.0415

38.0584

JanuMarcMayJulySeptNove

BGN to AFN 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 48.5514, compared to 42.9997 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.5517 points.

H1 Avg (Jan–Jun) 48.5514

H2 Avg (Jul–Dec) 42.9997

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 4.7136 AFN (High: 44.8908 / Low: 40.1772). On the other end, March was the most stable month, with a tight range of 1.4455 AFN (High: 48.7032 / Low: 47.2577).

September Spread (Volatile) ±4.7136

March Spread (Stable) ±1.4455

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 4.5355 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -4.5355

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 48.6116) against the same month in 2022 (average: 48.3935), the exchange rate shifted by +0.2181 (+0.45%).

2023 Avg (April) 48.6116

2022 Avg (April) 48.3935

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	49.8442	47.4096	48.9941
February	50.0960	47.6433	49.0429
March	48.7032	47.2577	47.9778
April	51.3324	47.7868	48.6116
May	49.7166	47.7222	48.6100
June	48.9500	47.0949	48.0720
July	50.0722	47.6968	48.9770
August	48.7470	45.0237	47.0904
September	44.8908	40.1772	42.5550
October	42.0857	39.7538	40.8006
November	40.7477	38.2820	39.5182
December	40.0041	38.1106	39.0570