2023 BGN to INR Historical Review

YEARLY HIGH

47.2689 INR

YEARLY LOW

44.2093 INR

YEARLY AVERAGE

45.6732 INR

2023 BGN to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 47.2689. Conversely, the yearly low was recorded on March 8, dropping to 44.2093.

This high-to-low spread represents a total annual volatility of 3.0596 INR. From a start-to-finish perspective, comparing the January average rate of 45.0588 to the December average rate of 46.4772, the exchange rate registered a net change of 3.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 47.2689 was up 4.35% compared to the 2022 peak of 45.2997, 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 236,345 INR

2022 Average 211,448 INR

Yearly Trough Low 221,046 INR

Transaction Impact: A difference of 15,298.19 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

46.6292

44.8056

JanuMarcMayJulySeptNove

BGN to INR 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 45.4296, compared to 45.9168 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4872 points.

H1 Avg (Jan–Jun) 45.4296

H2 Avg (Jul–Dec) 45.9168

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.8476 INR (High: 46.8756 / Low: 45.0280). On the other end, April was the most stable month, with a tight range of 0.5621 INR (High: 46.2797 / Low: 45.7177).

November Spread (Volatile) ±1.8476

April Spread (Stable) ±0.5621

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 0.8702 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8702

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 46.4772) against the same month in 2022 (average: 44.6084), the exchange rate shifted by +1.8688 (+4.19%).

2023 Avg (December) 46.4772

2022 Avg (December) 44.6084

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	45.4519	44.4660	45.0588
February	45.7600	44.6992	45.1989
March	45.8199	44.2093	45.0401
April	46.2797	45.7177	45.9841
May	46.2877	45.1858	45.7383
June	46.0291	45.1221	45.5577
July	47.2231	45.6316	46.4710
August	46.5779	45.5687	46.2037
September	45.6903	44.7053	45.3335
October	45.2860	44.5323	44.9575
November	46.8756	45.0280	46.0580
December	47.2689	45.8673	46.4772