2023 BGN to AWG Historical Review

YEARLY HIGH

1.0366 AWG

YEARLY LOW

0.9645 AWG

YEARLY AVERAGE

0.9961 AWG

2023 BGN to AWG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to AWG exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 1.0366. Conversely, the yearly low was recorded on October 3, dropping to 0.9645.

This high-to-low spread represents a total annual volatility of 0.0721 AWG. From a start-to-finish perspective, comparing the January average rate of 0.9931 to the December average rate of 1.0056, the exchange rate registered a net change of 1.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0366 was down 1.71% compared to the 2022 peak of 1.0546, 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 5,183 AWG

2022 Average 4,849 AWG

Yearly Trough Low 4,822 AWG

Transaction Impact: A difference of 360.59 AWG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0233

0.9683

JanuMarcMayJulySeptNove

BGN to AWG 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 0.9958, compared to 0.9965 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.9958

H2 Avg (Jul–Dec) 0.9965

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0374 AWG (High: 1.0366 / Low: 0.9992). On the other end, April was the most stable month, with a tight range of 0.0160 AWG (High: 1.0177 / Low: 1.0018).

July Spread (Volatile) ±0.0374

April Spread (Stable) ±0.0160

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0217 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0217

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1.0187) against the same month in 2022 (average: 0.9354), the exchange rate shifted by +0.0833 (+8.90%).

2023 Avg (July) 1.0187

2022 Avg (July) 0.9354

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0052	0.9698	0.9931
February	1.0039	0.9708	0.9851
March	1.0041	0.9711	0.9863
April	1.0177	1.0018	1.0107
May	1.0202	0.9852	1.0009
June	1.0125	0.9857	0.9987
July	1.0366	0.9992	1.0187
August	1.0152	0.9936	1.0046
September	0.9940	0.9668	0.9829
October	0.9831	0.9645	0.9729
November	1.0119	0.9749	0.9939
December	1.0232	0.9900	1.0056