2023 BGN to GMD Historical Review

YEARLY HIGH

38.2467 GMD

YEARLY LOW

32.5327 GMD

YEARLY AVERAGE

34.4535 GMD

2023 BGN to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 38.2467. Conversely, the yearly low was recorded on June 6, dropping to 32.5327.

This high-to-low spread represents a total annual volatility of 5.7140 GMD. From a start-to-finish perspective, comparing the January average rate of 34.1988 to the December average rate of 37.6050, the exchange rate registered a net change of 9.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 38.2467 was up 12.76% compared to the 2022 peak of 33.9184, 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 191,233 GMD

2022 Average 149,086 GMD

Yearly Trough Low 162,664 GMD

Transaction Impact: A difference of 28,569.84 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

38.0678

32.5147

JanuMarcMayJulySeptNove

BGN to GMD 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 33.6893, compared to 35.2177 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5284 points.

H1 Avg (Jan–Jun) 33.6893

H2 Avg (Jul–Dec) 35.2177

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 2.6521 GMD (High: 37.8345 / Low: 35.1824). On the other end, August was the most stable month, with a tight range of 0.4424 GMD (High: 34.0174 / Low: 33.5751).

November Spread (Volatile) ±2.6521

August Spread (Stable) ±0.4424

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 1.4885 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.4885

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 37.6050) against the same month in 2022 (average: 33.5812), the exchange rate shifted by +4.0238 (+11.98%).

2023 Avg (December) 37.6050

2022 Avg (December) 33.5812

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.7198	33.4119	34.1988
February	34.3178	32.9526	33.4219
March	34.6316	33.0037	33.6208
April	35.2180	33.7637	34.7029
May	33.9884	32.5610	33.2143
June	33.4264	32.5327	32.9774
July	34.3033	33.0558	33.7226
August	34.0174	33.5751	33.7906
September	35.2055	32.9240	33.7390
October	35.7932	34.8454	35.4444
November	37.8345	35.1824	37.0047
December	38.2467	37.0434	37.6050