2023 BGN to NIO Historical Review

YEARLY HIGH

20.9944 NIO

YEARLY LOW

19.5915 NIO

YEARLY AVERAGE

20.2193 NIO

2023 BGN to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 20.9944. Conversely, the yearly low was recorded on October 3, dropping to 19.5915.

This high-to-low spread represents a total annual volatility of 1.4030 NIO. From a start-to-finish perspective, comparing the January average rate of 20.1137 to the December average rate of 20.4730, the exchange rate registered a net change of 1.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 20.9944 was up 0.57% compared to the 2022 peak of 20.8747, 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 104,972 NIO

2022 Average 96,604 NIO

Yearly Trough Low 97,957 NIO

Transaction Impact: A difference of 7,014.80 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.7452

19.6712

JanuMarcMayJulySeptNove

BGN to NIO 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 20.1877, compared to 20.2510 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0633 points.

H1 Avg (Jan–Jun) 20.1877

H2 Avg (Jul–Dec) 20.2510

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.7999 NIO (High: 20.6117 / Low: 19.8118). On the other end, April was the most stable month, with a tight range of 0.3195 NIO (High: 20.6586 / Low: 20.3390).

November Spread (Volatile) ±0.7999

April Spread (Stable) ±0.3195

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 August and September, when the average rate fell by 0.4377 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4377

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 20.6557) against the same month in 2022 (average: 18.6726), the exchange rate shifted by +1.9832 (+10.62%).

2023 Avg (July) 20.6557

2022 Avg (July) 18.6726

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.3584	19.6224	20.1137
February	20.3551	19.6205	19.9615
March	20.3746	19.6913	19.9890
April	20.6586	20.3390	20.4902
May	20.6920	19.9846	20.3048
June	20.5360	19.9713	20.2669
July	20.9944	20.2766	20.6557
August	20.6106	20.1898	20.4056
September	20.2216	19.6526	19.9679
October	19.9627	19.5915	19.7607
November	20.6117	19.8118	20.2429
December	20.7998	20.1453	20.4730