2023 BGN to BZD Historical Review

YEARLY HIGH

1.1578 BZD

YEARLY LOW

1.0789 BZD

YEARLY AVERAGE

1.1144 BZD

2023 BGN to BZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to BZD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 1.1578. Conversely, the yearly low was recorded on October 3, dropping to 1.0789.

This high-to-low spread represents a total annual volatility of 0.0789 BZD. From a start-to-finish perspective, comparing the January average rate of 1.1114 to the December average rate of 1.1266, the exchange rate registered a net change of 1.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1578 was down 1.97% compared to the 2022 peak of 1.1811, 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 5,789 BZD

2022 Average 5,429 BZD

Yearly Trough Low 5,395 BZD

Transaction Impact: A difference of 394.43 BZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1434

1.0831

JanuMarcMayJulySeptNove

BGN to BZD 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 1.1137, compared to 1.1152 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 1.1137

H2 Avg (Jul–Dec) 1.1152

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0427 BZD (High: 1.1324 / Low: 1.0897). On the other end, April was the most stable month, with a tight range of 0.0194 BZD (High: 1.1395 / Low: 1.1200).

November Spread (Volatile) ±0.0427

April Spread (Stable) ±0.0194

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 0.0242 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0242

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1.1383) against the same month in 2022 (average: 1.0500), the exchange rate shifted by +0.0883 (+8.41%).

2023 Avg (July) 1.1383

2022 Avg (July) 1.0500

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1242	1.0851	1.1114
February	1.1252	1.0875	1.1027
March	1.1230	1.0856	1.1012
April	1.1395	1.1200	1.1299
May	1.1406	1.1013	1.1195
June	1.1322	1.1021	1.1174
July	1.1578	1.1174	1.1383
August	1.1356	1.1127	1.1243
September	1.1139	1.0837	1.1001
October	1.0990	1.0789	1.0881
November	1.1324	1.0897	1.1136
December	1.1461	1.1093	1.1266