2023 BGN to SHP Historical Review

YEARLY HIGH

0.4594 SHP

YEARLY LOW

0.4349 SHP

YEARLY AVERAGE

0.4449 SHP

2023 BGN to SHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to SHP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 0.4594. Conversely, the yearly low was recorded on July 11, dropping to 0.4349.

This high-to-low spread represents a total annual volatility of 0.0245 SHP. From a start-to-finish perspective, comparing the January average rate of 0.4503 to the December average rate of 0.4408, the exchange rate registered a net change of -2.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4594 was down 0.28% compared to the 2022 peak of 0.4607, 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 2,297 SHP

2022 Average 2,180 SHP

Yearly Trough Low 2,174 SHP

Transaction Impact: A difference of 122.61 SHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4549

0.4372

JanuMarcMayJulySeptNove

BGN to SHP 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 0.4483, compared to 0.4414 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0069 points.

H1 Avg (Jan–Jun) 0.4483

H2 Avg (Jul–Dec) 0.4414

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0122 SHP (High: 0.4514 / Low: 0.4392). On the other end, June was the most stable month, with a tight range of 0.0054 SHP (High: 0.4414 / Low: 0.4359).

May Spread (Volatile) ±0.0122

June Spread (Stable) ±0.0054

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0066 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0066

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.4534) against the same month in 2022 (average: 0.4287), the exchange rate shifted by +0.0247 (+5.76%).

2023 Avg (February) 0.4534

2022 Avg (February) 0.4287

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4540	0.4469	0.4503
February	0.4594	0.4495	0.4534
March	0.4562	0.4463	0.4512
April	0.4551	0.4479	0.4508
May	0.4514	0.4392	0.4453
June	0.4414	0.4359	0.4387
July	0.4429	0.4349	0.4390
August	0.4432	0.4355	0.4391
September	0.4453	0.4363	0.4407
October	0.4465	0.4409	0.4439
November	0.4481	0.4408	0.4451
December	0.4443	0.4380	0.4408