2023 BGN to EGP Historical Review

YEARLY HIGH

17.7730 EGP

YEARLY LOW

13.3731 EGP

YEARLY AVERAGE

16.9572 EGP

2023 BGN to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 17.7730. Conversely, the yearly low was recorded on January 3, dropping to 13.3731.

This high-to-low spread represents a total annual volatility of 4.3999 EGP. From a start-to-finish perspective, comparing the January average rate of 15.7882 to the December average rate of 17.2522, the exchange rate registered a net change of 9.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 17.7730 was up 31.37% compared to the 2022 peak of 13.5290, 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 88,865 EGP

2022 Average 51,571 EGP

Yearly Trough Low 66,866 EGP

Transaction Impact: A difference of 21,999.39 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

17.6256

15.6212

JanuMarcMayJulySeptNove

BGN to EGP 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 16.8170, compared to 17.0974 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2805 points.

H1 Avg (Jan–Jun) 16.8170

H2 Avg (Jul–Dec) 17.0974

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 3.3644 EGP (High: 16.7375 / Low: 13.3731). On the other end, October was the most stable month, with a tight range of 0.3066 EGP (High: 16.8510 / Low: 16.5444).

January Spread (Volatile) ±3.3644

October Spread (Stable) ±0.3066

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.3698 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3698

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 17.4586) against the same month in 2022 (average: 9.8439), the exchange rate shifted by +7.6147 (+77.35%).

2023 Avg (July) 17.4586

2022 Avg (July) 9.8439

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.7375	13.3731	15.7882
February	16.8900	16.4705	16.6687
March	17.2105	16.5800	16.8731
April	17.4841	17.0961	17.3063
May	17.5207	16.8874	17.1359
June	17.3581	16.8710	17.1296
July	17.7730	17.1519	17.4586
August	17.4197	17.0576	17.2368
September	17.0681	16.5942	16.8670
October	16.8510	16.5444	16.6854
November	17.3773	16.7101	17.0846
December	17.4910	16.9882	17.2522