2023 BGN to KPW Historical Review

YEARLY HIGH

517.5692 KPW

YEARLY LOW

481.5603 KPW

YEARLY AVERAGE

497.8442 KPW

2023 BGN to KPW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 517.5692. Conversely, the yearly low was recorded on October 3, dropping to 481.5603.

This high-to-low spread represents a total annual volatility of 36.0089 KPW. From a start-to-finish perspective, comparing the January average rate of 496.2347 to the December average rate of 502.4986, the exchange rate registered a net change of 1.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 517.5692 was down 1.81% compared to the 2022 peak of 527.1342, 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 2,587,846 KPW

2022 Average 2,424,335 KPW

Yearly Trough Low 2,407,801 KPW

Transaction Impact: A difference of 180,044.59 KPW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

511.1322

483.9031

JanuMarcMayJulySeptNove

BGN to KPW 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 497.5826, compared to 498.1058 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5232 points.

H1 Avg (Jan–Jun) 497.5826

H2 Avg (Jul–Dec) 498.1058

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 19.1924 KPW (High: 505.9591 / Low: 486.7667). On the other end, April was the most stable month, with a tight range of 7.9851 KPW (High: 508.8633 / Low: 500.8782).

November Spread (Volatile) ±19.1924

April Spread (Stable) ±7.9851

Growth Streaks & Declines

Trends

Between February and April, 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 10.6791 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -10.6791

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 508.8631) against the same month in 2022 (average: 468.9506), the exchange rate shifted by +39.9125 (+8.51%).

2023 Avg (July) 508.8631

2022 Avg (July) 468.9506

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	501.9044	484.2302	496.2347
February	501.9618	485.3898	492.3069
March	501.3416	485.4324	492.9021
April	508.8633	500.8782	504.9981
May	509.4013	491.9404	500.0739
June	505.5569	492.1744	498.9799
July	517.5692	499.5837	508.8631
August	506.8823	496.7831	501.9786
September	497.0206	483.3811	491.2995
October	490.8779	481.5603	486.1722
November	505.9591	486.7667	497.8229
December	510.9021	495.0114	502.4986