2023 BGN to LBP Historical Review

YEARLY HIGH

8678.0082 LBP

YEARLY LOW

818.8871 LBP

YEARLY AVERAGE

7599.5415 LBP

2023 BGN to LBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 8678.0082. Conversely, the yearly low was recorded on January 5, dropping to 818.8871.

This high-to-low spread represents a total annual volatility of 7859.1211 LBP. From a start-to-finish perspective, comparing the January average rate of 835.8087 to the December average rate of 8403.0878, the exchange rate registered a net change of 905.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 8678.0082 was up 877.61% compared to the 2022 peak of 887.6790, 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 43,390,041 LBP

2022 Average 4,082,552 LBP

Yearly Trough Low 4,094,436 LBP

Transaction Impact: A difference of 39,295,605.57 LBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9286.2981

67.5823

JanuMarcMayJulySeptNove

BGN to LBP 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 6873.8152, compared to 8325.2677 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1451.4525 points.

H1 Avg (Jan–Jun) 6873.8152

H2 Avg (Jul–Dec) 8325.2677

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 7612.2103 LBP (High: 8447.1744 / Low: 834.9641). On the other end, January was the most stable month, with a tight range of 28.3214 LBP (High: 847.2086 / Low: 818.8871).

February Spread (Volatile) ±7612.2103

January Spread (Stable) ±28.3214

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 181.8368 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -181.8368

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 8518.0718) against the same month in 2022 (average: 787.6467), the exchange rate shifted by +7730.4250 (+981.46%).

2023 Avg (July) 8518.0718

2022 Avg (July) 787.6467

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	847.2086	818.8871	835.8087
February	8447.1744	834.9641	6914.2903
March	8413.1218	8110.1003	8255.9790
April	8555.4432	8368.4688	8470.3028
May	8596.1144	8216.4365	8382.2640
June	8531.2776	8252.2605	8384.2467
July	8678.0082	8320.4634	8518.0718
August	8545.6327	8285.3813	8399.3286
September	8334.8495	8075.1496	8217.4918
October	8196.8573	8044.8205	8113.7632
November	8442.4675	8128.3978	8299.8633
December	8540.4155	8273.2625	8403.0878