2023 BGN to NAD Historical Review

YEARLY HIGH

11.0592 NAD

YEARLY LOW

9.0874 NAD

YEARLY AVERAGE

10.2318 NAD

2023 BGN to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 11.0592. Conversely, the yearly low was recorded on January 5, dropping to 9.0874.

This high-to-low spread represents a total annual volatility of 1.9718 NAD. From a start-to-finish perspective, comparing the January average rate of 9.4175 to the December average rate of 10.4317, the exchange rate registered a net change of 10.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.0592 was up 15.33% compared to the 2022 peak of 9.5893, 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 55,296 NAD

2022 Average 43,823 NAD

Yearly Trough Low 45,437 NAD

Transaction Impact: A difference of 9,858.98 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.7211

9.2990

JanuMarcMayJulySeptNove

BGN to NAD 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 10.0654, compared to 10.3982 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3328 points.

H1 Avg (Jan–Jun) 10.0654

H2 Avg (Jul–Dec) 10.3982

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.9885 NAD (High: 10.9537 / Low: 9.9652). On the other end, March was the most stable month, with a tight range of 0.2753 NAD (High: 10.1514 / Low: 9.8761).

November Spread (Volatile) ±0.9885

March Spread (Stable) ±0.2753

Growth Streaks & Declines

Trends

Between 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 0.2183 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2183

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 10.5114) against the same month in 2022 (average: 8.6408), the exchange rate shifted by +1.8707 (+21.65%).

2023 Avg (August) 10.5114

2022 Avg (August) 8.6408

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.6031	9.0874	9.4175
February	9.9976	9.3502	9.7791
March	10.1514	9.8761	10.0097
April	10.4085	9.8728	10.1993
May	10.8176	10.2906	10.6026
June	10.8522	10.1581	10.3843
July	10.5788	9.9088	10.3156
August	11.0592	10.2295	10.5114
September	10.5601	10.1554	10.3574
October	10.9148	10.1322	10.4027
November	10.9537	9.9652	10.3705
December	10.7206	10.1966	10.4317