2023 BGN to MYR Historical Review

YEARLY HIGH

2.6418 MYR

YEARLY LOW

2.3389 MYR

YEARLY AVERAGE

2.5218 MYR

2023 BGN to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 12, valuing the pair at 2.6418. Conversely, the yearly low was recorded on February 6, dropping to 2.3389.

This high-to-low spread represents a total annual volatility of 0.3028 MYR. From a start-to-finish perspective, comparing the January average rate of 2.3864 to the December average rate of 2.6003, the exchange rate registered a net change of 8.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.6418 was up 7.33% compared to the 2022 peak of 2.4612, 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 13,209 MYR

2022 Average 11,832 MYR

Yearly Trough Low 11,695 MYR

Transaction Impact: A difference of 1,514.23 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.6217

2.3650

JanuMarcMayJulySeptNove

BGN to MYR 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 2.4635, compared to 2.5801 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1166 points.

H1 Avg (Jan–Jun) 2.4635

H2 Avg (Jul–Dec) 2.5801

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1086 MYR (High: 2.6151 / Low: 2.5066). On the other end, September was the most stable month, with a tight range of 0.0436 MYR (High: 2.5722 / Low: 2.5286).

June Spread (Volatile) ±0.1086

September Spread (Stable) ±0.0436

Growth Streaks & Declines

Trends

Between January and July, 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 July and August, when the average rate fell by 0.0255 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0255

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.5965) against the same month in 2022 (average: 2.3130), the exchange rate shifted by +0.2835 (+12.26%).

2023 Avg (July) 2.5965

2022 Avg (July) 2.3130

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4245	2.3582	2.3864
February	2.4274	2.3389	2.3877
March	2.4763	2.4160	2.4479
April	2.5212	2.4553	2.4827
May	2.5533	2.4759	2.5099
June	2.6151	2.5066	2.5665
July	2.6418	2.5387	2.5965
August	2.5926	2.5442	2.5711
September	2.5722	2.5286	2.5551
October	2.6003	2.5274	2.5634
November	2.6271	2.5383	2.5945
December	2.6298	2.5658	2.6003