2023 BGN to DJF Historical Review

YEARLY HIGH

102.1370 DJF

YEARLY LOW

95.2218 DJF

YEARLY AVERAGE

98.3710 DJF

2023 BGN to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 102.1370. Conversely, the yearly low was recorded on October 3, dropping to 95.2218.

This high-to-low spread represents a total annual volatility of 6.9152 DJF. From a start-to-finish perspective, comparing the January average rate of 98.0058 to the December average rate of 99.4365, the exchange rate registered a net change of 1.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 102.1370 was down 2.04% compared to the 2022 peak of 104.2654, 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 510,685 DJF

2022 Average 479,522 DJF

Yearly Trough Low 476,109 DJF

Transaction Impact: A difference of 34,576.08 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

100.8912

95.6404

JanuMarcMayJulySeptNove

BGN to DJF 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 98.3036, compared to 98.4384 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1348 points.

H1 Avg (Jan–Jun) 98.3036

H2 Avg (Jul–Dec) 98.4384

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 3.8085 DJF (High: 100.1139 / Low: 96.3054). On the other end, October was the most stable month, with a tight range of 1.7333 DJF (High: 96.9551 / Low: 95.2218).

November Spread (Volatile) ±3.8085

October Spread (Stable) ±1.7333

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 2.0515 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.0515

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 100.4536) against the same month in 2022 (average: 92.6970), the exchange rate shifted by +7.7566 (+8.37%).

2023 Avg (July) 100.4536

2022 Avg (July) 92.6970

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	99.1330	95.5010	98.0058
February	99.3748	95.9065	97.3597
March	99.0584	95.9657	97.2948
April	100.5586	98.7762	99.6693
May	100.6138	97.2196	98.8208
June	99.9724	97.2659	98.6710
July	102.1370	98.7019	100.4536
August	100.2240	98.1930	99.2276
September	98.2046	95.6892	97.1760
October	96.9551	95.2218	96.0780
November	100.1139	96.3054	98.2587
December	101.0652	97.9958	99.4365