2023 BGN to CAD Historical Review

YEARLY HIGH

0.7716 CAD

YEARLY LOW

0.7251 CAD

YEARLY AVERAGE

0.7467 CAD

2023 BGN to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 0.7716. Conversely, the yearly low was recorded on September 27, dropping to 0.7251.

This high-to-low spread represents a total annual volatility of 0.0464 CAD. From a start-to-finish perspective, comparing the January average rate of 0.7399 to the December average rate of 0.7487, the exchange rate registered a net change of 1.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7716 was up 3.45% compared to the 2022 peak of 0.7458, 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 3,858 CAD

2022 Average 3,504 CAD

Yearly Trough Low 3,626 CAD

Transaction Impact: A difference of 232.21 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7607

0.7339

JanuMarcMayJulySeptNove

BGN to CAD 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 0.7455, compared to 0.7479 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.7455

H2 Avg (Jul–Dec) 0.7479

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0300 CAD (High: 0.7716 / Low: 0.7416). On the other end, June was the most stable month, with a tight range of 0.0080 CAD (High: 0.7401 / Low: 0.7322).

May Spread (Volatile) ±0.0300

June Spread (Stable) ±0.0080

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 May and June, when the average rate fell by 0.0150 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0150

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.7517) against the same month in 2022 (average: 0.6943), the exchange rate shifted by +0.0574 (+8.27%).

2023 Avg (May) 0.7517

2022 Avg (May) 0.6943

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7462	0.7297	0.7399
February	0.7428	0.7304	0.7361
March	0.7618	0.7373	0.7503
April	0.7696	0.7493	0.7584
May	0.7716	0.7416	0.7517
June	0.7401	0.7322	0.7367
July	0.7610	0.7359	0.7480
August	0.7563	0.7468	0.7521
September	0.7510	0.7251	0.7397
October	0.7506	0.7331	0.7408
November	0.7677	0.7472	0.7582
December	0.7528	0.7446	0.7487