2023 BGN to SOS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BGN to SOS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BGN to SOS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 327.0668. Conversely, the yearly low was recorded on October 3, dropping to 305.4292.
This high-to-low spread represents a total annual volatility of 21.6376 SOS. From a start-to-finish perspective, comparing the January average rate of 313.5639 to the December average rate of 319.2204, the exchange rate registered a net change of 1.80% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 327.0668 was down 4.37% compared to the 2022 peak of 342.0189, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BGN to SOS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 314.2794, compared to 315.5768 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2974 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 12.5181 SOS (High: 321.2840 / Low: 308.7659). On the other end, April was the most stable month, with a tight range of 6.0138 SOS (High: 321.4007 / Low: 315.3869).
Growth Streaks & Declines
TrendsBetween 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 6.2547 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 321.5747) against the same month in 2022 (average: 300.1154), the exchange rate shifted by +21.4592 (+7.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 317.2581 | 306.1793 | 313.5639 |
| February | 317.3228 | 306.8742 | 311.0641 |
| March | 316.9388 | 306.8239 | 311.0741 |
| April | 321.4007 | 315.3869 | 318.7554 |
| May | 321.9362 | 310.6194 | 315.9219 |
| June | 319.5411 | 311.0293 | 315.2972 |
| July | 327.0668 | 315.6932 | 321.5747 |
| August | 320.8428 | 314.3488 | 317.4751 |
| September | 314.7543 | 306.7177 | 311.2204 |
| October | 311.5660 | 305.4292 | 308.3876 |
| November | 321.2840 | 308.7659 | 315.5829 |
| December | 324.2852 | 314.2024 | 319.2204 |