2023 BGN to LSL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BGN to LSL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BGN to LSL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 10.8825. Conversely, the yearly low was recorded on January 5, dropping to 9.1250.
This high-to-low spread represents a total annual volatility of 1.7575 LSL. From a start-to-finish perspective, comparing the January average rate of 9.4313 to the December average rate of 10.4233, the exchange rate registered a net change of 10.52% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 10.8825 was up 13.67% compared to the 2022 peak of 9.5739, 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 LSL 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 10.0602, compared to 10.3575 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2973 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 0.7723 LSL (High: 10.6413 / Low: 9.8690). On the other end, October was the most stable month, with a tight range of 0.3544 LSL (High: 10.5092 / Low: 10.1548).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.1958 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 10.3809) against the same month in 2022 (average: 8.5294), the exchange rate shifted by +1.8516 (+21.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.6690 | 9.1250 | 9.4313 |
| February | 9.9925 | 9.4899 | 9.7923 |
| March | 10.2575 | 9.8748 | 10.0034 |
| April | 10.3763 | 9.8860 | 10.1766 |
| May | 10.8333 | 10.2906 | 10.5767 |
| June | 10.8825 | 10.1611 | 10.3809 |
| July | 10.6413 | 9.8690 | 10.3031 |
| August | 10.8612 | 10.1377 | 10.4861 |
| September | 10.5336 | 10.1504 | 10.3497 |
| October | 10.5092 | 10.1548 | 10.2944 |
| November | 10.7230 | 9.9886 | 10.2882 |
| December | 10.7206 | 10.1859 | 10.4233 |