2023 BGN to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BGN to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BGN to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 88.7959. Conversely, the yearly low was recorded on January 3, dropping to 81.5029.
This high-to-low spread represents a total annual volatility of 7.2930 JMD. From a start-to-finish perspective, comparing the January average rate of 84.2952 to the December average rate of 86.7177, 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 88.7959 was down 3.40% compared to the 2022 peak of 91.9223, 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 JMD 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 84.7500, compared to 85.6929 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9428 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 4.3786 JMD (High: 85.8816 / Low: 81.5029). On the other end, October was the most stable month, with a tight range of 1.4720 JMD (High: 84.3438 / Low: 82.8718).
Growth Streaks & Declines
TrendsBetween March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 1.8770 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 87.2159) against the same month in 2022 (average: 79.0118), the exchange rate shifted by +8.2041 (+10.38%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 85.8816 | 81.5029 | 84.2952 |
| February | 86.2416 | 83.1216 | 84.3730 |
| March | 84.1984 | 81.9703 | 83.1886 |
| April | 86.7043 | 83.8371 | 85.3685 |
| May | 86.7469 | 84.3809 | 85.6235 |
| June | 86.5525 | 84.6600 | 85.6513 |
| July | 88.7959 | 85.3758 | 87.2159 |
| August | 87.1376 | 85.1029 | 86.2374 |
| September | 85.2902 | 83.1249 | 84.3604 |
| October | 84.3438 | 82.8718 | 83.7035 |
| November | 87.2704 | 83.8331 | 85.9223 |
| December | 87.9776 | 85.5822 | 86.7177 |