2023 BGN to TRY Historical Review

YEARLY HIGH

16.7193 TRY

YEARLY LOW

10.1000 TRY

YEARLY AVERAGE

13.1636 TRY

2023 BGN to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 16.7193. Conversely, the yearly low was recorded on January 5, dropping to 10.1000.

This high-to-low spread represents a total annual volatility of 6.6193 TRY. From a start-to-finish perspective, comparing the January average rate of 10.3554 to the December average rate of 16.2487, the exchange rate registered a net change of 56.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 16.7193 was up 63.49% compared to the 2022 peak of 10.2267, 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 83,597 TRY

2022 Average 44,438 TRY

Yearly Trough Low 50,500 TRY

Transaction Impact: A difference of 33,096.56 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

16.8425

9.7168

JanuMarcMayJulySeptNove

BGN to TRY 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 11.0108, compared to 15.3163 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.3055 points.

H1 Avg (Jan–Jun) 11.0108

H2 Avg (Jul–Dec) 15.3163

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 3.0947 TRY (High: 14.5726 / Low: 11.4778). On the other end, September was the most stable month, with a tight range of 0.1731 TRY (High: 14.8384 / Low: 14.6653).

June Spread (Volatile) ±3.0947

September Spread (Stable) ±0.1731

Growth Streaks & Declines

Trends

Between February and August, 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 0.2695 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.2695

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 16.2487) against the same month in 2022 (average: 10.0923), the exchange rate shifted by +6.1564 (+61.00%).

2023 Avg (December) 16.2487

2022 Avg (December) 10.0923

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.4884	10.1000	10.3554
February	10.4956	10.1794	10.3106
March	10.6845	10.2094	10.4065
April	10.9957	10.6733	10.8538
May	11.3465	10.8681	10.9848
June	14.5726	11.4778	13.1539
July	15.4763	14.3641	14.9697
August	15.2312	14.3189	15.0139
September	14.8384	14.6653	14.7443
October	15.3268	14.7239	15.0656
November	16.2602	15.3213	15.8556
December	16.7193	15.9104	16.2487