2023 BGN to IRR Historical Review

YEARLY HIGH

24311.3602 IRR

YEARLY LOW

22543.6076 IRR

YEARLY AVERAGE

23354.1683 IRR

2023 BGN to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 24311.3602. Conversely, the yearly low was recorded on January 5, dropping to 22543.6076.

This high-to-low spread represents a total annual volatility of 1767.7526 IRR. From a start-to-finish perspective, comparing the January average rate of 23122.3652 to the December average rate of 23578.2165, the exchange rate registered a net change of 1.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 24311.3602 was down 1.76% compared to the 2022 peak of 24746.0238, 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 121,556,801 IRR

2022 Average 113,852,796 IRR

Yearly Trough Low 112,718,038 IRR

Transaction Impact: A difference of 8,838,763.06 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

23990.9467

22716.9134

JanuMarcMayJulySeptNove

BGN to IRR 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 23324.0025, compared to 23384.3342 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 60.3317 points.

H1 Avg (Jan–Jun) 23324.0025

H2 Avg (Jul–Dec) 23384.3342

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 990.1343 IRR (High: 23533.7419 / Low: 22543.6076). On the other end, April was the most stable month, with a tight range of 375.0761 IRR (High: 23902.4385 / Low: 23527.3624).

January Spread (Volatile) ±990.1343

April Spread (Stable) ±375.0761

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 516.4902 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -516.4902

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 23884.7773) against the same month in 2022 (average: 22064.2044), the exchange rate shifted by +1820.5728 (+8.25%).

2023 Avg (July) 23884.7773

2022 Avg (July) 22064.2044

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23533.7419	22543.6076	23122.3652
February	23536.4327	22749.2285	23093.7822
March	23535.2050	22788.3563	23091.0016
April	23902.4385	23527.3624	23711.5275
May	23927.7103	23121.1977	23487.6485
June	23733.0884	23132.1981	23437.6900
July	24311.3602	23463.7802	23884.7773
August	23830.5098	23321.2045	23581.5608
September	23332.3577	22685.3431	23065.0706
October	23043.9881	22599.8903	22823.0828
November	23758.9948	22837.4713	23373.2973
December	23859.1273	23251.7848	23578.2165