2023 BGN to GNF Historical Review

YEARLY HIGH

4950.3926 GNF

YEARLY LOW

4609.1040 GNF

YEARLY AVERAGE

4767.4376 GNF

2023 BGN to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 4950.3926. Conversely, the yearly low was recorded on October 3, dropping to 4609.1040.

This high-to-low spread represents a total annual volatility of 341.2885 GNF. From a start-to-finish perspective, comparing the January average rate of 4778.3620 to the December average rate of 4802.7774, the exchange rate registered a net change of 0.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 4950.3926 was down 8.56% compared to the 2022 peak of 5413.9887, 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 24,751,963 GNF

2022 Average 23,740,332 GNF

Yearly Trough Low 23,045,520 GNF

Transaction Impact: A difference of 1,706,442.72 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4888.5013

4623.8923

JanuMarcMayJulySeptNove

BGN to GNF 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 4772.8854, compared to 4761.9898 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.8956 points.

H1 Avg (Jan–Jun) 4772.8854

H2 Avg (Jul–Dec) 4761.9898

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 205.7500 GNF (High: 4891.3346 / Low: 4685.5845). On the other end, April was the most stable month, with a tight range of 80.0175 GNF (High: 4871.5028 / Low: 4791.4853).

January Spread (Volatile) ±205.7500

April Spread (Stable) ±80.0175

Growth Streaks & Declines

Trends

Between February and April, 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 105.7089 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -105.7089

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 4866.4505) against the same month in 2022 (average: 4524.6002), the exchange rate shifted by +341.8503 (+7.56%).

2023 Avg (July) 4866.4505

2022 Avg (July) 4524.6002

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4891.3346	4685.5845	4778.3620
February	4844.1087	4643.3881	4729.0327
March	4813.9961	4653.0752	4729.9986
April	4871.5028	4791.4853	4825.6281
May	4878.4020	4705.4799	4792.1709
June	4842.3647	4716.7456	4782.1201
July	4950.3926	4766.2907	4866.4505
August	4874.4663	4740.5020	4802.8648
September	4746.1086	4628.1987	4697.1558
October	4697.4137	4609.1040	4645.9431
November	4830.2292	4659.4059	4756.7474
December	4872.7584	4731.5322	4802.7774