2023 BGN to SZL Historical Review

YEARLY HIGH

10.8804 SZL

YEARLY LOW

9.1333 SZL

YEARLY AVERAGE

10.2006 SZL

2023 BGN to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 10.8804. Conversely, the yearly low was recorded on January 5, dropping to 9.1333.

This high-to-low spread represents a total annual volatility of 1.7471 SZL. From a start-to-finish perspective, comparing the January average rate of 9.4308 to the December average rate of 10.4031, the exchange rate registered a net change of 10.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.8804 was up 13.55% compared to the 2022 peak of 9.5822, 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 54,402 SZL

2022 Average 43,970 SZL

Yearly Trough Low 45,666 SZL

Transaction Impact: A difference of 8,735.46 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.6924

9.3161

JanuMarcMayJulySeptNove

BGN to SZL 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 10.0570, compared to 10.3443 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2872 points.

H1 Avg (Jan–Jun) 10.0570

H2 Avg (Jul–Dec) 10.3443

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.7780 SZL (High: 10.6376 / Low: 9.8596). On the other end, October was the most stable month, with a tight range of 0.3293 SZL (High: 10.4795 / Low: 10.1502).

July Spread (Volatile) ±0.7780

October Spread (Stable) ±0.3293

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.2033 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 10.3743) against the same month in 2022 (average: 8.5290), the exchange rate shifted by +1.8453 (+21.64%).

2023 Avg (June) 10.3743

2022 Avg (June) 8.5290

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.6690	9.1333	9.4308
February	9.9898	9.4896	9.7914
March	10.2523	9.8724	9.9953
April	10.3730	9.8872	10.1728
May	10.8453	10.2906	10.5777
June	10.8804	10.1610	10.3743
July	10.6376	9.8596	10.3011
August	10.8640	10.1363	10.4748
September	10.5296	10.1372	10.3469
October	10.4795	10.1502	10.3003
November	10.5397	9.9808	10.2393
December	10.7206	10.1735	10.4031