2023 BGN to BBD Historical Review

YEARLY HIGH

1.1502 BBD

YEARLY LOW

1.0701 BBD

YEARLY AVERAGE

1.1063 BBD

2023 BGN to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 1.1502. Conversely, the yearly low was recorded on October 3, dropping to 1.0701.

This high-to-low spread represents a total annual volatility of 0.0800 BBD. From a start-to-finish perspective, comparing the January average rate of 1.1027 to the December average rate of 1.1167, 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 1.1502 was down 1.81% compared to the 2022 peak of 1.1714, 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 5,751 BBD

2022 Average 5,387 BBD

Yearly Trough Low 5,351 BBD

Transaction Impact: A difference of 400.10 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1358

1.0753

JanuMarcMayJulySeptNove

BGN to BBD 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 1.1057, compared to 1.1069 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 1.1057

H2 Avg (Jul–Dec) 1.1069

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0426 BBD (High: 1.1244 / Low: 1.0817). On the other end, April was the most stable month, with a tight range of 0.0177 BBD (High: 1.1308 / Low: 1.1131).

November Spread (Volatile) ±0.0426

April Spread (Stable) ±0.0177

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 0.0237 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0237

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1.1308) against the same month in 2022 (average: 1.0421), the exchange rate shifted by +0.0887 (+8.51%).

2023 Avg (July) 1.1308

2022 Avg (July) 1.0421

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1153	1.0761	1.1027
February	1.1155	1.0786	1.0940
March	1.1141	1.0787	1.0953
April	1.1308	1.1131	1.1222
May	1.1320	1.0932	1.1113
June	1.1235	1.0937	1.1088
July	1.1502	1.1102	1.1308
August	1.1264	1.1040	1.1155
September	1.1045	1.0742	1.0918
October	1.0908	1.0701	1.0804
November	1.1244	1.0817	1.1063
December	1.1353	1.1000	1.1167