2023 BGN to PEN Historical Review

YEARLY HIGH

2.1727 PEN

YEARLY LOW

2.0049 PEN

YEARLY AVERAGE

2.0686 PEN

2023 BGN to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 2.1727. Conversely, the yearly low was recorded on June 12, dropping to 2.0049.

This high-to-low spread represents a total annual volatility of 0.1677 PEN. From a start-to-finish perspective, comparing the January average rate of 2.1081 to the December average rate of 2.0859, the exchange rate registered a net change of -1.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1727 was down 6.40% compared to the 2022 peak of 2.3212, 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 10,863 PEN

2022 Average 10,320 PEN

Yearly Trough Low 10,025 PEN

Transaction Impact: A difference of 838.65 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1168

2.0126

JanuMarcMayJulySeptNove

BGN to PEN 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 2.0754, compared to 2.0619 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0135 points.

H1 Avg (Jan–Jun) 2.0754

H2 Avg (Jul–Dec) 2.0619

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1261 PEN (High: 2.1727 / Low: 2.0465). On the other end, June was the most stable month, with a tight range of 0.0389 PEN (High: 2.0438 / Low: 2.0049).

January Spread (Volatile) ±0.1261

June Spread (Stable) ±0.0389

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 0.0612 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0612

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.1081) against the same month in 2022 (average: 2.2535), the exchange rate shifted by -0.1454 (-6.45%).

2023 Avg (January) 2.1081

2022 Avg (January) 2.2535

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1727	2.0465	2.1081
February	2.1425	2.0572	2.0993
March	2.1001	2.0376	2.0686
April	2.1336	2.0806	2.1081
May	2.1005	2.0072	2.0469
June	2.0438	2.0049	2.0213
July	2.0537	2.0142	2.0344
August	2.0788	2.0292	2.0590
September	2.0558	2.0166	2.0327
October	2.1151	2.0317	2.0738
November	2.1440	2.0554	2.0856
December	2.1242	2.0611	2.0859