2023 BGN to AZN Historical Review

YEARLY HIGH

0.9776 AZN

YEARLY LOW

0.9096 AZN

YEARLY AVERAGE

0.9404 AZN

2023 BGN to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.9776. Conversely, the yearly low was recorded on October 3, dropping to 0.9096.

This high-to-low spread represents a total annual volatility of 0.0680 AZN. From a start-to-finish perspective, comparing the January average rate of 0.9373 to the December average rate of 0.9492, 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 0.9776 was down 1.76% compared to the 2022 peak of 0.9951, 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 4,888 AZN

2022 Average 4,579 AZN

Yearly Trough Low 4,548 AZN

Transaction Impact: A difference of 340.08 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9656

0.9140

JanuMarcMayJulySeptNove

BGN to AZN 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 0.9399, compared to 0.9409 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.9399

H2 Avg (Jul–Dec) 0.9409

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0363 AZN (High: 0.9557 / Low: 0.9194). On the other end, April was the most stable month, with a tight range of 0.0151 AZN (High: 0.9612 / Low: 0.9461).

November Spread (Volatile) ±0.0363

April Spread (Stable) ±0.0151

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 0.0202 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0202

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.9613) against the same month in 2022 (average: 0.8858), the exchange rate shifted by +0.0755 (+8.52%).

2023 Avg (July) 0.9613

2022 Avg (July) 0.8858

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9480	0.9147	0.9373
February	0.9482	0.9168	0.9299
March	0.9470	0.9169	0.9312
April	0.9612	0.9461	0.9539
May	0.9622	0.9292	0.9446
June	0.9549	0.9297	0.9426
July	0.9776	0.9437	0.9613
August	0.9574	0.9384	0.9482
September	0.9388	0.9131	0.9280
October	0.9272	0.9096	0.9183
November	0.9557	0.9194	0.9405
December	0.9650	0.9350	0.9492