2023 BGN to MGA Historical Review

YEARLY HIGH

2609.6769 MGA

YEARLY LOW

2317.7361 MGA

YEARLY AVERAGE

2461.5562 MGA

2023 BGN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2609.6769. Conversely, the yearly low was recorded on February 24, dropping to 2317.7361.

This high-to-low spread represents a total annual volatility of 291.9408 MGA. From a start-to-finish perspective, comparing the January average rate of 2424.8933 to the December average rate of 2558.5565, the exchange rate registered a net change of 5.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2609.6769 was up 6.43% compared to the 2022 peak of 2451.8993, 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 13,048,385 MGA

2022 Average 11,113,688 MGA

Yearly Trough Low 11,588,681 MGA

Transaction Impact: A difference of 1,459,704.02 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2579.3013

2330.3637

JanuMarcMayJulySeptNove

BGN to MGA 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 2420.0197, compared to 2503.0926 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 83.0730 points.

H1 Avg (Jan–Jun) 2420.0197

H2 Avg (Jul–Dec) 2503.0926

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 138.6001 MGA (High: 2508.7536 / Low: 2370.1535). On the other end, October was the most stable month, with a tight range of 43.9217 MGA (High: 2467.7724 / Low: 2423.8508).

January Spread (Volatile) ±138.6001

October Spread (Stable) ±43.9217

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 January and February, when the average rate fell by 73.7847 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -73.7847

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2558.5565) against the same month in 2022 (average: 2392.1373), the exchange rate shifted by +166.4192 (+6.96%).

2023 Avg (December) 2558.5565

2022 Avg (December) 2392.1373

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2508.7536	2370.1535	2424.8933
February	2389.8961	2317.7361	2351.1085
March	2417.5289	2322.4853	2360.5180
April	2492.2764	2409.2242	2456.3992
May	2493.3119	2411.8045	2445.6068
June	2540.5128	2412.8924	2481.5923
July	2598.6317	2502.9721	2544.4920
August	2541.8390	2479.2539	2510.7717
September	2492.7518	2438.9167	2461.7418
October	2467.7724	2423.8508	2445.9538
November	2545.5791	2446.3255	2497.0399
December	2609.6769	2503.1916	2558.5565