2023 BGN to MMK Historical Review

YEARLY HIGH

1206.2065 MMK

YEARLY LOW

1124.1439 MMK

YEARLY AVERAGE

1161.1256 MMK

2023 BGN to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 1206.2065. Conversely, the yearly low was recorded on October 3, dropping to 1124.1439.

This high-to-low spread represents a total annual volatility of 82.0626 MMK. From a start-to-finish perspective, comparing the January average rate of 1157.8964 to the December average rate of 1173.7158, the exchange rate registered a net change of 1.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1206.2065 was up 4.94% compared to the 2022 peak of 1149.4174, 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 6,031,033 MMK

2022 Average 5,182,471 MMK

Yearly Trough Low 5,620,719 MMK

Transaction Impact: A difference of 410,313.22 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1191.1711

1128.3551

JanuMarcMayJulySeptNove

BGN to MMK 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 1160.4467, compared to 1161.8044 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3577 points.

H1 Avg (Jan–Jun) 1160.4467

H2 Avg (Jul–Dec) 1161.8044

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 44.5393 MMK (High: 1179.7430 / Low: 1135.2037). On the other end, April was the most stable month, with a tight range of 20.3020 MMK (High: 1187.1400 / Low: 1166.8380).

November Spread (Volatile) ±44.5393

April Spread (Stable) ±20.3020

Growth Streaks & Declines

Trends

Between October and December, 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 25.1366 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -25.1366

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1185.9364) against the same month in 2022 (average: 964.5045), the exchange rate shifted by +221.4320 (+22.96%).

2023 Avg (July) 1185.9364

2022 Avg (July) 964.5045

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1171.0356	1130.5044	1157.8964
February	1172.2187	1132.9898	1148.8618
March	1169.9659	1132.5200	1148.4187
April	1187.1400	1166.8380	1177.1215
May	1188.3215	1147.3792	1166.2971
June	1179.5322	1148.1749	1164.0849
July	1206.2065	1164.0925	1185.9364
August	1183.0471	1159.2499	1171.2590
September	1160.6947	1129.0890	1146.1223
October	1144.9423	1124.1439	1133.5897
November	1179.7430	1135.2037	1160.2033
December	1193.9689	1155.7347	1173.7158