2023 BGN to RON Historical Review

YEARLY HIGH

2.5523 RON

YEARLY LOW

2.4834 RON

YEARLY AVERAGE

2.5297 RON

2023 BGN to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 2.5523. Conversely, the yearly low was recorded on February 1, dropping to 2.4834.

This high-to-low spread represents a total annual volatility of 0.0689 RON. From a start-to-finish perspective, comparing the January average rate of 2.5184 to the December average rate of 2.5410, the exchange rate registered a net change of 0.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.5523 was up 0.21% compared to the 2022 peak of 2.5470, 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 12,761 RON

2022 Average 12,603 RON

Yearly Trough Low 12,417 RON

Transaction Impact: A difference of 344.49 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.5444

2.5059

JanuMarcMayJulySeptNove

BGN to RON 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 2.5237, compared to 2.5357 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0121 points.

H1 Avg (Jan–Jun) 2.5237

H2 Avg (Jul–Dec) 2.5357

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0441 RON (High: 2.5367 / Low: 2.4926). On the other end, October was the most stable month, with a tight range of 0.0118 RON (High: 2.5468 / Low: 2.5350).

January Spread (Volatile) ±0.0441

October Spread (Stable) ±0.0118

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0101 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 2.5412) against the same month in 2022 (average: 2.5118), the exchange rate shifted by +0.0294 (+1.17%).

2023 Avg (November) 2.5412

2022 Avg (November) 2.5118

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5367	2.4926	2.5184
February	2.5242	2.4834	2.5091
March	2.5403	2.5052	2.5198
April	2.5493	2.5168	2.5270
May	2.5462	2.5165	2.5311
June	2.5442	2.5314	2.5366
July	2.5367	2.5165	2.5264
August	2.5332	2.5213	2.5268
September	2.5471	2.5266	2.5392
October	2.5468	2.5350	2.5397
November	2.5523	2.5326	2.5412
December	2.5474	2.5316	2.5410