2023 BGN to KES Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BGN to KES Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BGN to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 88.9150. Conversely, the yearly low was recorded on January 5, dropping to 66.5010.
This high-to-low spread represents a total annual volatility of 22.4141 KES. From a start-to-finish perspective, comparing the January average rate of 68.3449 to the December average rate of 86.2449, the exchange rate registered a net change of 26.19% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 88.9150 was up 31.55% compared to the 2022 peak of 67.5914, 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 KES 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 72.8426, compared to 81.8594 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.0168 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 4.5706 KES (High: 88.9150 / Low: 84.3444). On the other end, February was the most stable month, with a tight range of 1.3100 KES (High: 69.5795 / Low: 68.2694).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0578 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 86.2449) against the same month in 2022 (average: 66.5719), the exchange rate shifted by +19.6730 (+29.55%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 69.2936 | 66.5010 | 68.3449 |
| February | 69.5795 | 68.2694 | 68.7238 |
| March | 73.7404 | 69.1709 | 70.9671 |
| April | 76.8723 | 73.7404 | 75.3958 |
| May | 76.8130 | 75.4904 | 76.2347 |
| June | 78.6789 | 75.3196 | 77.3893 |
| July | 81.5746 | 77.1636 | 79.9529 |
| August | 81.2436 | 78.8322 | 80.1756 |
| September | 80.5979 | 79.2656 | 80.1178 |
| October | 81.8130 | 79.4039 | 80.6271 |
| November | 85.8680 | 81.3403 | 84.0381 |
| December | 88.9150 | 84.3444 | 86.2449 |