2023 BGN to TWD Historical Review

YEARLY HIGH

17.8686 TWD

YEARLY LOW

16.4482 TWD

YEARLY AVERAGE

17.2254 TWD

2023 BGN to TWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 13, valuing the pair at 17.8686. Conversely, the yearly low was recorded on February 23, dropping to 16.4482.

This high-to-low spread represents a total annual volatility of 1.4203 TWD. From a start-to-finish perspective, comparing the January average rate of 16.7561 to the December average rate of 17.4263, the exchange rate registered a net change of 4.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 17.8686 was up 6.48% compared to the 2022 peak of 16.7817, 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 89,343 TWD

2022 Average 80,074 TWD

Yearly Trough Low 82,241 TWD

Transaction Impact: A difference of 7,101.72 TWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

17.8650

16.4405

JanuMarcMayJulySeptNove

BGN to TWD 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 16.8898, compared to 17.5610 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6713 points.

H1 Avg (Jan–Jun) 16.8898

H2 Avg (Jul–Dec) 17.5610

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.6158 TWD (High: 17.3837 / Low: 16.7679). On the other end, February was the most stable month, with a tight range of 0.1786 TWD (High: 16.6268 / Low: 16.4482).

June Spread (Volatile) ±0.6158

February Spread (Stable) ±0.1786

Growth Streaks & Declines

Trends

Between May and August, 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 August and September, when the average rate fell by 0.2650 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2650

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 17.7463) against the same month in 2022 (average: 15.5652), the exchange rate shifted by +2.1811 (+14.01%).

2023 Avg (August) 17.7463

2022 Avg (August) 15.5652

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.8766	16.5303	16.7561
February	16.6268	16.4482	16.5592
March	16.9965	16.5574	16.7321
April	17.3867	16.9866	17.1473
May	17.3526	16.7593	17.0595
June	17.3837	16.7679	17.0845
July	17.8369	17.2981	17.6333
August	17.8686	17.5679	17.7463
September	17.6026	17.3162	17.4813
October	17.6191	17.2971	17.4390
November	17.8480	17.4746	17.6400
December	17.5660	17.2906	17.4263