2023 BGN to SYP Historical Review

YEARLY HIGH

1444.8979 SYP

YEARLY LOW

1344.3718 SYP

YEARLY AVERAGE

1389.8317 SYP

2023 BGN to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 1444.8979. Conversely, the yearly low was recorded on October 3, dropping to 1344.3718.

This high-to-low spread represents a total annual volatility of 100.5261 SYP. From a start-to-finish perspective, comparing the January average rate of 1385.3385 to the December average rate of 1402.8255, the exchange rate registered a net change of 1.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1444.8979 was down 1.79% compared to the 2022 peak of 1471.2902, 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 7,224,489 SYP

2022 Average 6,767,634 SYP

Yearly Trough Low 6,721,859 SYP

Transaction Impact: A difference of 502,630.48 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1426.9278

1350.9123

JanuMarcMayJulySeptNove

BGN to SYP 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 1389.1014, compared to 1390.5620 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4607 points.

H1 Avg (Jan–Jun) 1389.1014

H2 Avg (Jul–Dec) 1390.5620

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 53.5793 SYP (High: 1412.4859 / Low: 1358.9066). On the other end, April was the most stable month, with a tight range of 22.2919 SYP (High: 1420.5936 / Low: 1398.3017).

November Spread (Volatile) ±53.5793

April Spread (Stable) ±22.2919

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 29.8128 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -29.8128

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1420.5932) against the same month in 2022 (average: 1309.1695), the exchange rate shifted by +111.4237 (+8.51%).

2023 Avg (July) 1420.5932

2022 Avg (July) 1309.1695

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1401.1666	1351.8255	1385.3385
February	1401.3269	1355.0626	1374.3733
March	1399.5955	1355.1817	1376.0347
April	1420.5936	1398.3017	1409.8032
May	1422.0956	1373.3499	1396.0562
June	1411.3632	1374.0033	1393.0022
July	1444.8979	1394.6878	1420.5932
August	1415.0634	1386.8693	1401.3736
September	1387.5325	1349.4550	1371.5608
October	1370.3837	1344.3718	1357.2469
November	1412.4859	1358.9066	1389.7722
December	1426.2853	1381.9233	1402.8255