2023 BGN to THB Historical Review

YEARLY HIGH

20.0145 THB

YEARLY LOW

18.1162 THB

YEARLY AVERAGE

19.2284 THB

2023 BGN to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 20.0145. Conversely, the yearly low was recorded on January 21, dropping to 18.1162.

This high-to-low spread represents a total annual volatility of 1.8983 THB. From a start-to-finish perspective, comparing the January average rate of 18.3071 to the December average rate of 19.4862, the exchange rate registered a net change of 6.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 20.0145 was up 2.64% compared to the 2022 peak of 19.4997, 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 100,073 THB

2022 Average 94,175 THB

Yearly Trough Low 90,581 THB

Transaction Impact: A difference of 9,491.54 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.8498

18.1668

JanuMarcMayJulySeptNove

BGN to THB 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 18.8806, compared to 19.5762 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6957 points.

H1 Avg (Jan–Jun) 18.8806

H2 Avg (Jul–Dec) 19.5762

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.8736 THB (High: 19.8630 / Low: 18.9893). On the other end, December was the most stable month, with a tight range of 0.4056 THB (High: 19.7101 / Low: 19.3045).

June Spread (Volatile) ±0.8736

December Spread (Stable) ±0.4056

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1883 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1883

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 19.7096) against the same month in 2022 (average: 19.0711), the exchange rate shifted by +0.6385 (+3.35%).

2023 Avg (October) 19.7096

2022 Avg (October) 19.0711

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.9370	18.1162	18.3071
February	19.0620	18.2389	18.6349
March	19.0120	18.4600	18.8464
April	19.3933	18.9141	19.1765
May	19.2679	18.7080	18.9881
June	19.8630	18.9893	19.3305
July	19.9149	19.2652	19.5754
August	19.7412	19.2932	19.5446
September	19.7615	19.3052	19.5460
October	20.0145	19.4774	19.7096
November	19.8149	19.4018	19.5956
December	19.7101	19.3045	19.4862