2023 BGN to HUF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BGN to HUF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BGN to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 205.8165. Conversely, the yearly low was recorded on June 9, dropping to 188.3328.
This high-to-low spread represents a total annual volatility of 17.4837 HUF. From a start-to-finish perspective, comparing the January average rate of 201.8004 to the December average rate of 195.1579, the exchange rate registered a net change of -3.29% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 205.8165 was down 6.98% compared to the 2022 peak of 221.2507, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BGN to HUF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 194.5815, compared to 195.7663 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1848 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 14.2436 HUF (High: 204.9738 / Low: 190.7302). On the other end, June was the most stable month, with a tight range of 2.6615 HUF (High: 190.9943 / Low: 188.3328).
Growth Streaks & Declines
TrendsBetween June and September, 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 January and February, when the average rate fell by 5.2199 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 201.8004) against the same month in 2022 (average: 183.5560), the exchange rate shifted by +18.2444 (+9.94%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 205.8165 | 197.6712 | 201.8004 |
| February | 201.7195 | 193.0797 | 196.5804 |
| March | 204.9738 | 190.7302 | 196.9733 |
| April | 196.2615 | 189.7850 | 192.1986 |
| May | 192.0408 | 188.6077 | 190.4273 |
| June | 190.9943 | 188.3328 | 189.5091 |
| July | 198.1129 | 190.6218 | 193.9432 |
| August | 201.0856 | 194.0757 | 196.8682 |
| September | 200.7169 | 195.6635 | 197.6787 |
| October | 199.6497 | 195.1375 | 197.1457 |
| November | 195.9321 | 192.1506 | 193.8041 |
| December | 196.6420 | 193.4059 | 195.1579 |