2023 BGN to CRC Historical Review

YEARLY HIGH

323.8843 CRC

YEARLY LOW

285.4050 CRC

YEARLY AVERAGE

299.6012 CRC

2023 BGN to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 323.8843. Conversely, the yearly low was recorded on October 13, dropping to 285.4050.

This high-to-low spread represents a total annual volatility of 38.4793 CRC. From a start-to-finish perspective, comparing the January average rate of 316.8430 to the December average rate of 293.2081, the exchange rate registered a net change of -7.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 323.8843 was down 13.95% compared to the 2022 peak of 376.3690, 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 1,619,421 CRC

2022 Average 1,738,157 CRC

Yearly Trough Low 1,427,025 CRC

Transaction Impact: A difference of 192,396.58 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

319.7952

284.3690

JanuMarcMayJulySeptNove

BGN to CRC 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 303.8854, compared to 295.3171 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.5683 points.

H1 Avg (Jan–Jun) 303.8854

H2 Avg (Jul–Dec) 295.3171

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 18.9284 CRC (High: 319.7664 / Low: 300.8380). On the other end, October was the most stable month, with a tight range of 5.2283 CRC (High: 290.6333 / Low: 285.4050).

February Spread (Volatile) ±18.9284

October Spread (Stable) ±5.2283

Growth Streaks & Declines

Trends

Between May and July, 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 February and March, when the average rate fell by 10.3500 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -10.3500

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 316.8430) against the same month in 2022 (average: 369.7481), the exchange rate shifted by -52.9051 (-14.31%).

2023 Avg (January) 316.8430

2022 Avg (January) 369.7481

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	323.8843	306.2921	316.8430
February	319.7664	300.8380	309.1411
March	304.3329	293.3976	298.7911
April	304.1182	298.4697	300.5223
May	307.3076	294.3376	298.6432
June	303.7268	293.9264	299.3718
July	312.8186	300.6983	305.4085
August	306.6676	295.6389	300.1905
September	297.1251	288.6120	292.3580
October	290.6333	285.4050	287.3212
November	297.6145	287.0225	293.4161
December	295.5856	290.2467	293.2081