2023 BGN to NZD Historical Review

YEARLY HIGH

0.9404 NZD

YEARLY LOW

0.8551 NZD

YEARLY AVERAGE

0.9010 NZD

2023 BGN to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 19, valuing the pair at 0.9404. Conversely, the yearly low was recorded on February 1, dropping to 0.8551.

This high-to-low spread represents a total annual volatility of 0.0853 NZD. From a start-to-finish perspective, comparing the January average rate of 0.8608 to the December average rate of 0.8964, the exchange rate registered a net change of 4.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9404 was up 5.08% compared to the 2022 peak of 0.8949, 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 4,702 NZD

2022 Average 4,239 NZD

Yearly Trough Low 4,275 NZD

Transaction Impact: A difference of 426.51 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9386

0.8537

JanuMarcMayJulySeptNove

BGN to NZD 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 0.8861, compared to 0.9160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0299 points.

H1 Avg (Jan–Jun) 0.8861

H2 Avg (Jul–Dec) 0.9160

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0389 NZD (High: 0.9224 / Low: 0.8836). On the other end, December was the most stable month, with a tight range of 0.0125 NZD (High: 0.9038 / Low: 0.8913).

April Spread (Volatile) ±0.0389

December Spread (Stable) ±0.0125

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0259 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0259

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.9315) against the same month in 2022 (average: 0.8271), the exchange rate shifted by +0.1044 (+12.62%).

2023 Avg (August) 0.9315

2022 Avg (August) 0.8271

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8686	0.8554	0.8608
February	0.8806	0.8551	0.8710
March	0.8917	0.8696	0.8823
April	0.9224	0.8836	0.9037
May	0.9138	0.8788	0.8952
June	0.9188	0.8938	0.9036
July	0.9232	0.8978	0.9085
August	0.9404	0.9165	0.9315
September	0.9334	0.9021	0.9209
October	0.9327	0.8957	0.9165
November	0.9309	0.9042	0.9222
December	0.9038	0.8913	0.8964