2023 BGN to NPR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BGN to NPR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BGN to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 76.0129. Conversely, the yearly low was recorded on March 7, dropping to 70.3992.
This high-to-low spread represents a total annual volatility of 5.6137 NPR. From a start-to-finish perspective, comparing the January average rate of 72.1807 to the December average rate of 74.4328, the exchange rate registered a net change of 3.12% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 76.0129 was up 5.12% compared to the 2022 peak of 72.3137, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BGN to NPR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 72.6800, compared to 73.4332 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7532 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 3.2729 NPR (High: 76.0129 / Low: 72.7401). On the other end, April was the most stable month, with a tight range of 1.2377 NPR (High: 74.0376 / Low: 72.7999).
Growth Streaks & Declines
TrendsBetween 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 1.3985 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 74.2713) against the same month in 2022 (average: 66.2553), the exchange rate shifted by +8.0159 (+12.10%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 72.8240 | 71.2320 | 72.1807 |
| February | 73.3128 | 71.4355 | 72.2854 |
| March | 73.4058 | 70.3992 | 72.0379 |
| April | 74.0376 | 72.7999 | 73.5226 |
| May | 74.0467 | 72.3032 | 73.1483 |
| June | 73.6850 | 72.0947 | 72.9053 |
| July | 76.0129 | 72.7401 | 74.2713 |
| August | 74.6314 | 72.9729 | 73.8986 |
| September | 73.1194 | 71.5794 | 72.5001 |
| October | 72.5542 | 71.2663 | 71.8669 |
| November | 74.9125 | 72.0685 | 73.6295 |
| December | 75.7012 | 73.4228 | 74.4328 |