2023 BGN to IDR Historical Review

YEARLY HIGH

8745.5716 IDR

YEARLY LOW

8136.5829 IDR

YEARLY AVERAGE

8429.3052 IDR

2023 BGN to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 8745.5716. Conversely, the yearly low was recorded on June 5, dropping to 8136.5829.

This high-to-low spread represents a total annual volatility of 608.9888 IDR. From a start-to-finish perspective, comparing the January average rate of 8403.2363 to the December average rate of 8644.3615, the exchange rate registered a net change of 2.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 8745.5716 was up 2.04% compared to the 2022 peak of 8570.8022, 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 43,727,858 IDR

2022 Average 39,961,446 IDR

Yearly Trough Low 40,682,914 IDR

Transaction Impact: A difference of 3,044,943.82 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

8683.9454

8208.9391

JanuMarcMayJulySeptNove

BGN to IDR 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 8325.9730, compared to 8532.6375 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 206.6645 points.

H1 Avg (Jan–Jun) 8325.9730

H2 Avg (Jul–Dec) 8532.6375

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 343.0166 IDR (High: 8674.5139 / Low: 8331.4973). On the other end, September was the most stable month, with a tight range of 98.6707 IDR (High: 8446.1453 / Low: 8347.4746).

October Spread (Volatile) ±343.0166

September Spread (Stable) ±98.6707

Growth Streaks & Declines

Trends

Between May and August, 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 August and September, when the average rate fell by 121.7826 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -121.7826

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 8644.3615) against the same month in 2022 (average: 8424.3129), the exchange rate shifted by +220.0486 (+2.61%).

2023 Avg (December) 8644.3615

2022 Avg (December) 8424.3129

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8549.8331	8318.0506	8403.2363
February	8354.4800	8232.8307	8295.3257
March	8474.2767	8304.0502	8377.2731
April	8452.1636	8264.1116	8344.4523
May	8313.1466	8194.2717	8248.5229
June	8409.1088	8136.5829	8287.0276
July	8627.8732	8357.6309	8514.3452
August	8581.0314	8425.5785	8514.7412
September	8446.1453	8347.4746	8392.9585
October	8674.5139	8331.4973	8513.5523
November	8718.0417	8543.1966	8615.8661
December	8745.5716	8524.7849	8644.3615