2023 BGN to GYD Historical Review

YEARLY HIGH

120.6887 GYD

YEARLY LOW

112.1340 GYD

YEARLY AVERAGE

116.2454 GYD

2023 BGN to GYD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to GYD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 120.6887. Conversely, the yearly low was recorded on October 3, dropping to 112.1340.

This high-to-low spread represents a total annual volatility of 8.5548 GYD. From a start-to-finish perspective, comparing the January average rate of 115.6224 to the December average rate of 116.9643, the exchange rate registered a net change of 1.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 120.6887 was down 1.55% compared to the 2022 peak of 122.5901, 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 603,444 GYD

2022 Average 563,612 GYD

Yearly Trough Low 560,670 GYD

Transaction Impact: A difference of 42,773.80 GYD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

119.2001

112.4272

JanuMarcMayJulySeptNove

BGN to GYD 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 116.6241, compared to 115.8668 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7574 points.

H1 Avg (Jan–Jun) 116.6241

H2 Avg (Jul–Dec) 115.8668

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 4.9912 GYD (High: 117.6810 / Low: 112.6897). On the other end, October was the most stable month, with a tight range of 2.0245 GYD (High: 114.1585 / Low: 112.1340).

January Spread (Volatile) ±4.9912

October Spread (Stable) ±2.0245

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 2.5465 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.5465

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 118.6357) against the same month in 2022 (average: 108.9894), the exchange rate shifted by +9.6463 (+8.85%).

2023 Avg (July) 118.6357

2022 Avg (July) 108.9894

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	117.6810	112.6897	115.6224
February	117.7818	113.8391	115.4333
March	117.5070	113.7887	115.3892
April	119.5595	117.4393	118.5990
May	119.6767	115.5554	117.4596
June	118.7942	115.6422	117.2414
July	120.6887	117.2419	118.6357
August	117.8673	115.4843	116.7435
September	115.7068	112.4820	114.1971
October	114.1585	112.1340	112.9916
November	117.5346	113.1801	115.6683
December	118.9505	115.2329	116.9643