2023 BGN to PLN Historical Review

YEARLY HIGH

2.4443 PLN

YEARLY LOW

2.1925 PLN

YEARLY AVERAGE

2.3221 PLN

2023 BGN to PLN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to PLN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 13, valuing the pair at 2.4443. Conversely, the yearly low was recorded on December 13, dropping to 2.1925.

This high-to-low spread represents a total annual volatility of 0.2517 PLN. From a start-to-finish perspective, comparing the January average rate of 2.3901 to the December average rate of 2.2143, the exchange rate registered a net change of -7.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4443 was down 3.96% compared to the 2022 peak of 2.5450, 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 12,221 PLN

2022 Average 11,976 PLN

Yearly Trough Low 10,963 PLN

Transaction Impact: A difference of 1,258.62 PLN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4459

2.1933

JanuMarcMayJulySeptNove

BGN to PLN 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 2.3651, compared to 2.2791 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0860 points.

H1 Avg (Jan–Jun) 2.3651

H2 Avg (Jul–Dec) 2.2791

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1196 PLN (High: 2.4159 / Low: 2.2963). On the other end, August was the most stable month, with a tight range of 0.0283 PLN (High: 2.2911 / Low: 2.2628).

January Spread (Volatile) ±0.1196

August Spread (Stable) ±0.0283

Growth Streaks & Declines

Trends

Between July and September, 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 October and November, when the average rate fell by 0.0561 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0561

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.4248) against the same month in 2022 (average: 2.3345), the exchange rate shifted by +0.0903 (+3.87%).

2023 Avg (February) 2.4248

2022 Avg (February) 2.3345

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4159	2.2963	2.3901
February	2.4443	2.3792	2.4248
March	2.4274	2.3867	2.3996
April	2.4100	2.3406	2.3742
May	2.3647	2.2946	2.3217
June	2.3104	2.2618	2.2803
July	2.2929	2.2529	2.2722
August	2.2911	2.2628	2.2794
September	2.3828	2.2838	2.3522
October	2.3677	2.2612	2.3063
November	2.2832	2.2071	2.2502
December	2.2254	2.1925	2.2143