2023 BGN to CVE Historical Review

YEARLY HIGH

58.0537 CVE

YEARLY LOW

55.7525 CVE

YEARLY AVERAGE

56.4622 CVE

2023 BGN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 58.0537. Conversely, the yearly low was recorded on January 3, dropping to 55.7525.

This high-to-low spread represents a total annual volatility of 2.3011 CVE. From a start-to-finish perspective, comparing the January average rate of 56.5027 to the December average rate of 56.4819, the exchange rate registered a net change of -0.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 58.0537 was down 1.71% compared to the 2022 peak of 59.0649, 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 290,268 CVE

2022 Average 282,542 CVE

Yearly Trough Low 278,763 CVE

Transaction Impact: A difference of 11,505.72 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

56.5864

56.3547

JanuMarcMayJulySeptNove

BGN to CVE 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 56.4785, compared to 56.4460 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0326 points.

H1 Avg (Jan–Jun) 56.4785

H2 Avg (Jul–Dec) 56.4460

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 1.8549 CVE (High: 58.0537 / Low: 56.1987). On the other end, May was the most stable month, with a tight range of 0.4785 CVE (High: 56.6940 / Low: 56.2155).

December Spread (Volatile) ±1.8549

May Spread (Stable) ±0.4785

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 June and July, when the average rate fell by 0.1287 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1287

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 56.4819) against the same month in 2022 (average: 56.4604), the exchange rate shifted by +0.0215 (+0.04%).

2023 Avg (December) 56.4819

2022 Avg (December) 56.4604

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	57.0865	55.7525	56.5027
February	56.6737	55.8356	56.3756
March	56.7962	55.8421	56.4433
April	56.7618	55.8245	56.5017
May	56.6940	56.2155	56.4807
June	57.8269	56.2392	56.5671
July	57.1547	55.7797	56.4384
August	56.7749	56.1363	56.3930
September	56.6702	55.8921	56.3740
October	56.8756	55.9466	56.4388
November	57.6050	56.2232	56.5497
December	58.0537	56.1987	56.4819