2023 BGN to EUR Historical Review

YEARLY HIGH

0.5160 EUR

YEARLY LOW

0.5020 EUR

YEARLY AVERAGE

0.5111 EUR

2023 BGN to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.5160. Conversely, the yearly low was recorded on May 6, dropping to 0.5020.

This high-to-low spread represents a total annual volatility of 0.0140 EUR. From a start-to-finish perspective, comparing the January average rate of 0.5111 to the December average rate of 0.5111, the exchange rate registered a net change of 0.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5160 was down 0.11% compared to the 2022 peak of 0.5165, 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 2,580 EUR

2022 Average 2,556 EUR

Yearly Trough Low 2,510 EUR

Transaction Impact: A difference of 70.03 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5113

0.5106

JanuMarcMayJulySeptNove

BGN to EUR 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 0.5110, compared to 0.5112 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.5110

H2 Avg (Jul–Dec) 0.5112

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0115 EUR (High: 0.5135 / Low: 0.5020). On the other end, September was the most stable month, with a tight range of 0.0017 EUR (High: 0.5118 / Low: 0.5101).

May Spread (Volatile) ±0.0115

September Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between April and July, 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 March and April, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.5111) against the same month in 2022 (average: 0.5113), the exchange rate shifted by -0.0002 (-0.04%).

2023 Avg (March) 0.5111

2022 Avg (March) 0.5113

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5126	0.5100	0.5111
February	0.5129	0.5059	0.5111
March	0.5160	0.5074	0.5111
April	0.5154	0.5056	0.5106
May	0.5135	0.5020	0.5107
June	0.5124	0.5102	0.5113
July	0.5122	0.5098	0.5113
August	0.5120	0.5099	0.5112
September	0.5118	0.5101	0.5112
October	0.5128	0.5106	0.5113
November	0.5125	0.5101	0.5112
December	0.5120	0.5100	0.5111