2023 BGN to SAR Historical Review

YEARLY HIGH

2.1581 SAR

YEARLY LOW

2.0068 SAR

YEARLY AVERAGE

2.0752 SAR

2023 BGN to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 2.1581. Conversely, the yearly low was recorded on October 3, dropping to 2.0068.

This high-to-low spread represents a total annual volatility of 0.1512 SAR. From a start-to-finish perspective, comparing the January average rate of 2.0711 to the December average rate of 2.0943, the exchange rate registered a net change of 1.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1581 was down 1.82% compared to the 2022 peak of 2.1981, 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 10,790 SAR

2022 Average 10,114 SAR

Yearly Trough Low 10,034 SAR

Transaction Impact: A difference of 756.24 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1302

2.0167

JanuMarcMayJulySeptNove

BGN to SAR 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 2.0746, compared to 2.0758 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 2.0746

H2 Avg (Jul–Dec) 2.0758

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0796 SAR (High: 2.1085 / Low: 2.0290). On the other end, April was the most stable month, with a tight range of 0.0325 SAR (High: 2.1208 / Low: 2.0883).

November Spread (Volatile) ±0.0796

April Spread (Stable) ±0.0325

Growth Streaks & Declines

Trends

Between February and April, 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 0.0448 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0448

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.1207) against the same month in 2022 (average: 1.9566), the exchange rate shifted by +0.1641 (+8.39%).

2023 Avg (July) 2.1207

2022 Avg (July) 1.9566

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0936	2.0222	2.0711
February	2.0929	2.0221	2.0521
March	2.0908	2.0251	2.0564
April	2.1208	2.0883	2.1048
May	2.1227	2.0502	2.0838
June	2.1073	2.0507	2.0793
July	2.1581	2.0814	2.1207
August	2.1129	2.0702	2.0922
September	2.0712	2.0145	2.0474
October	2.0460	2.0068	2.0262
November	2.1085	2.0290	2.0743
December	2.1287	2.0628	2.0943