2023 BGN to LRD Historical Review

YEARLY HIGH

106.9772 LRD

YEARLY LOW

82.9347 LRD

YEARLY AVERAGE

96.5998 LRD

2023 BGN to LRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 106.9772. Conversely, the yearly low was recorded on February 24, dropping to 82.9347.

This high-to-low spread represents a total annual volatility of 24.0425 LRD. From a start-to-finish perspective, comparing the January average rate of 85.6734 to the December average rate of 105.0954, the exchange rate registered a net change of 22.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 106.9772 was up 19.25% compared to the 2022 peak of 89.7052, 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 534,886 LRD

2022 Average 411,694 LRD

Yearly Trough Low 414,674 LRD

Transaction Impact: A difference of 120,212.63 LRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

107.0461

83.6367

JanuMarcMayJulySeptNove

BGN to LRD 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 89.9576, compared to 103.2420 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.2844 points.

H1 Avg (Jan–Jun) 89.9576

H2 Avg (Jul–Dec) 103.2420

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 7.7888 LRD (High: 100.6042 / Low: 92.8154). On the other end, May was the most stable month, with a tight range of 1.7194 LRD (High: 93.6732 / Low: 91.9538).

June Spread (Volatile) ±7.7888

May Spread (Stable) ±1.7194

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 2.1919 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -2.1919

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 105.0954) against the same month in 2022 (average: 83.4321), the exchange rate shifted by +21.6633 (+25.97%).

2023 Avg (December) 105.0954

2022 Avg (December) 83.4321

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	87.2756	83.1262	85.6734
February	87.5366	82.9347	85.5875
March	90.3808	84.5850	87.3427
April	93.4055	90.3250	91.5290
May	93.6732	91.9538	92.7776
June	100.6042	92.8154	96.8357
July	106.0840	100.4711	103.8799
August	105.1488	102.6677	103.9160
September	102.7154	100.2479	101.7241
October	101.9935	99.8970	100.9527
November	105.7173	101.4097	103.8839
December	106.9772	103.4299	105.0954