2023 BGN to KMF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BGN to KMF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BGN to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 4, valuing the pair at 256.4642. Conversely, the yearly low was recorded on March 15, dropping to 248.5175.
This high-to-low spread represents a total annual volatility of 7.9468 KMF. From a start-to-finish perspective, comparing the January average rate of 251.9799 to the December average rate of 251.8643, the exchange rate registered a net change of -0.05% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 256.4642 was down 0.71% compared to the 2022 peak of 258.2862, 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 KMF 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 251.9598, compared to 251.8954 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0644 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 7.2355 KMF (High: 255.7530 / Low: 248.5175). On the other end, May was the most stable month, with a tight range of 2.4655 KMF (High: 252.7727 / Low: 250.3072).
Growth Streaks & Declines
TrendsBetween September and November, 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 November and December, when the average rate fell by 0.5090 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 252.3734) against the same month in 2022 (average: 252.8322), the exchange rate shifted by -0.4588 (-0.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 253.9309 | 251.2599 | 251.9799 |
| February | 252.8494 | 249.4375 | 251.6821 |
| March | 255.7530 | 248.5175 | 252.2574 |
| April | 253.6226 | 250.2421 | 251.8809 |
| May | 252.7727 | 250.3072 | 251.8088 |
| June | 254.2748 | 250.5562 | 252.1499 |
| July | 254.1787 | 249.6149 | 251.8879 |
| August | 253.3426 | 250.8702 | 251.7886 |
| September | 252.4081 | 249.5078 | 251.6003 |
| October | 253.4021 | 250.8822 | 251.8579 |
| November | 256.4642 | 249.7550 | 252.3734 |
| December | 256.4331 | 249.5543 | 251.8643 |