2023 BGN to STD Historical Review

YEARLY HIGH

13125.5488 STD

YEARLY LOW

11922.2548 STD

YEARLY AVERAGE

12497.5475 STD

2023 BGN to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 13125.5488. Conversely, the yearly low was recorded on October 3, dropping to 11922.2548.

This high-to-low spread represents a total annual volatility of 1203.2940 STD. From a start-to-finish perspective, comparing the January average rate of 12584.5078 to the December average rate of 12440.6381, the exchange rate registered a net change of -1.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 13125.5488 was up 3.32% compared to the 2022 peak of 12703.5692, 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 65,627,744 STD

2022 Average 59,657,807 STD

Yearly Trough Low 59,611,274 STD

Transaction Impact: A difference of 6,016,469.99 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12948.2352

11953.5440

JanuMarcMayJulySeptNove

BGN to STD 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 12618.6896, compared to 12376.4054 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 242.2841 points.

H1 Avg (Jan–Jun) 12618.6896

H2 Avg (Jul–Dec) 12376.4054

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 593.3913 STD (High: 13125.5488 / Low: 12532.1575). On the other end, April was the most stable month, with a tight range of 202.5011 STD (High: 12904.7671 / Low: 12702.2660).

July Spread (Volatile) ±593.3913

April Spread (Stable) ±202.5011

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 July and August, when the average rate fell by 437.5815 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -437.5815

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 12865.3443) against the same month in 2022 (average: 11608.4771), the exchange rate shifted by +1256.8672 (+10.83%).

2023 Avg (July) 12865.3443

2022 Avg (July) 11608.4771

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12728.2915	12280.0737	12584.5078
February	12729.7468	12309.4794	12484.8988
March	12714.0189	12310.5616	12499.9915
April	12904.7671	12702.2660	12806.7467
May	12918.4112	12475.6028	12681.8679
June	12820.9180	12481.5383	12654.1248
July	13125.5488	12532.1575	12865.3443
August	12549.1676	12299.1341	12427.7628
September	12305.0160	11967.3342	12163.3743
October	12152.9357	11922.2548	12036.4349
November	12526.3099	12051.1538	12324.8783
December	12648.6867	12255.2719	12440.6381