2023 BGN to CZK Historical Review

YEARLY HIGH

12.6520 CZK

YEARLY LOW

11.8923 CZK

YEARLY AVERAGE

12.2739 CZK

2023 BGN to CZK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to CZK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 12.6520. Conversely, the yearly low was recorded on April 13, dropping to 11.8923.

This high-to-low spread represents a total annual volatility of 0.7597 CZK. From a start-to-finish perspective, comparing the January average rate of 12.2434 to the December average rate of 12.5200, the exchange rate registered a net change of 2.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.6520 was down 4.01% compared to the 2022 peak of 13.1802, 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 63,260 CZK

2022 Average 62,795 CZK

Yearly Trough Low 59,461 CZK

Transaction Impact: A difference of 3,798.35 CZK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.6254

11.9392

JanuMarcMayJulySeptNove

BGN to CZK 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 12.1126, compared to 12.4351 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3225 points.

H1 Avg (Jan–Jun) 12.1126

H2 Avg (Jul–Dec) 12.4351

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.4642 CZK (High: 12.3980 / Low: 11.9337). On the other end, June was the most stable month, with a tight range of 0.1545 CZK (High: 12.1948 / Low: 12.0403).

March Spread (Volatile) ±0.4642

June Spread (Stable) ±0.1545

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1190 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.1190

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 12.5200) against the same month in 2022 (average: 12.3939), the exchange rate shifted by +0.1261 (+1.02%).

2023 Avg (December) 12.5200

2022 Avg (December) 12.3939

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.3860	12.1424	12.2434
February	12.1980	12.0226	12.1257
March	12.3980	11.9337	12.1154
April	12.1035	11.8923	11.9964
May	12.1661	11.9434	12.0767
June	12.1948	12.0403	12.1182
July	12.3486	12.1310	12.2160
August	12.4198	12.2447	12.3317
September	12.5615	12.3159	12.4674
October	12.6283	12.4732	12.5682
November	12.6067	12.3884	12.5075
December	12.6520	12.4065	12.5200