2023 BGN to BTN Historical Review

YEARLY HIGH

47.5156 BTN

YEARLY LOW

43.9998 BTN

YEARLY AVERAGE

45.6605 BTN

2023 BGN to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 47.5156. Conversely, the yearly low was recorded on March 7, dropping to 43.9998.

This high-to-low spread represents a total annual volatility of 3.5159 BTN. From a start-to-finish perspective, comparing the January average rate of 45.1126 to the December average rate of 46.5211, the exchange rate registered a net change of 3.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 47.5156 was up 5.13% compared to the 2022 peak of 45.1960, 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 237,578 BTN

2022 Average 211,395 BTN

Yearly Trough Low 219,999 BTN

Transaction Impact: A difference of 17,579.27 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

46.6815

44.7567

JanuMarcMayJulySeptNove

BGN to BTN 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 45.4251, compared to 45.8959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4708 points.

H1 Avg (Jan–Jun) 45.4251

H2 Avg (Jul–Dec) 45.8959

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 2.0530 BTN (High: 47.5156 / Low: 45.4626). On the other end, April was the most stable month, with a tight range of 0.7739 BTN (High: 46.2738 / Low: 45.4999).

July Spread (Volatile) ±2.0530

April Spread (Stable) ±0.7739

Growth Streaks & Declines

Trends

Between October and December, 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 0.8746 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8746

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 46.4198) against the same month in 2022 (average: 41.4252), the exchange rate shifted by +4.9947 (+12.06%).

2023 Avg (July) 46.4198

2022 Avg (July) 41.4252

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	45.5150	44.5210	45.1126
February	45.8206	44.6472	45.1785
March	45.8785	43.9998	45.0237
April	46.2738	45.4999	45.9511
May	46.2791	45.1966	45.7190
June	46.0531	45.0592	45.5657
July	47.5156	45.4626	46.4198
August	46.6445	45.6081	46.1869
September	45.6917	44.7380	45.3124
October	45.3462	44.5404	44.9171
November	46.8202	45.0448	46.0183
December	47.3132	45.8893	46.5211