2023 BGN to HNL Historical Review

YEARLY HIGH

14.1750 HNL

YEARLY LOW

13.2571 HNL

YEARLY AVERAGE

13.6419 HNL

2023 BGN to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 14.1750. Conversely, the yearly low was recorded on October 13, dropping to 13.2571.

This high-to-low spread represents a total annual volatility of 0.9179 HNL. From a start-to-finish perspective, comparing the January average rate of 13.6000 to the December average rate of 13.7980, the exchange rate registered a net change of 1.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.1750 was down 1.56% compared to the 2022 peak of 14.3992, 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 70,875 HNL

2022 Average 66,274 HNL

Yearly Trough Low 66,285 HNL

Transaction Impact: A difference of 4,589.40 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.9822

13.2851

JanuMarcMayJulySeptNove

BGN to HNL 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 13.6226, compared to 13.6612 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0386 points.

H1 Avg (Jan–Jun) 13.6226

H2 Avg (Jul–Dec) 13.6612

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.5332 HNL (High: 13.9119 / Low: 13.3787). On the other end, April was the most stable month, with a tight range of 0.2107 HNL (High: 13.9167 / Low: 13.7060).

November Spread (Volatile) ±0.5332

April Spread (Stable) ±0.2107

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 0.2083 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2083

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 13.9241) against the same month in 2022 (average: 12.8009), the exchange rate shifted by +1.1232 (+8.77%).

2023 Avg (July) 13.9241

2022 Avg (July) 12.8009

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.7713	13.2837	13.6000
February	13.7614	13.3105	13.4850
March	13.7304	13.3091	13.4898
April	13.9167	13.7060	13.7948
May	13.9428	13.4565	13.6840
June	13.8745	13.5147	13.6822
July	14.1750	13.6456	13.9241
August	13.8568	13.5906	13.7311
September	13.6680	13.3181	13.5228
October	13.4779	13.2571	13.3432
November	13.9119	13.3787	13.6479
December	14.0273	13.5769	13.7980