2023 BGN to SRD Historical Review

YEARLY HIGH

22.0248 SRD

YEARLY LOW

17.0019 SRD

YEARLY AVERAGE

20.2448 SRD

2023 BGN to SRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 22.0248. Conversely, the yearly low was recorded on January 5, dropping to 17.0019.

This high-to-low spread represents a total annual volatility of 5.0230 SRD. From a start-to-finish perspective, comparing the January average rate of 17.5432 to the December average rate of 20.8600, the exchange rate registered a net change of 18.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.0248 was up 26.51% compared to the 2022 peak of 17.4090, 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 110,124 SRD

2022 Average 64,986 SRD

Yearly Trough Low 85,009 SRD

Transaction Impact: A difference of 25,114.88 SRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.8763

17.1493

JanuMarcMayJulySeptNove

BGN to SRD 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 19.4538, compared to 21.0358 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5820 points.

H1 Avg (Jan–Jun) 19.4538

H2 Avg (Jul–Dec) 21.0358

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.9855 SRD (High: 20.0894 / Low: 18.1039). On the other end, October was the most stable month, with a tight range of 0.3549 SRD (High: 20.7856 / Low: 20.4307).

March Spread (Volatile) ±1.9855

October Spread (Stable) ±0.3549

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.4395 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.4395

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 21.4824) against the same month in 2022 (average: 11.9263), the exchange rate shifted by +9.5561 (+80.13%).

2023 Avg (July) 21.4824

2022 Avg (July) 11.9263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.0053	17.0019	17.5432
February	18.3965	17.6206	17.9441
March	20.0894	18.1039	18.9478
April	21.0847	19.9374	20.6363
May	21.2721	20.3644	20.7489
June	21.4680	20.4383	20.9027
July	22.0248	20.5880	21.4824
August	21.6983	21.0774	21.3469
September	21.3147	20.5246	20.9074
October	20.7856	20.4307	20.6079
November	21.3124	20.6240	21.0103
December	21.0773	20.6289	20.8600