2023 BGN to UAH Historical Review

YEARLY HIGH

21.6423 UAH

YEARLY LOW

19.5424 UAH

YEARLY AVERAGE

20.3551 UAH

2023 BGN to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 21.6423. Conversely, the yearly low was recorded on October 13, dropping to 19.5424.

This high-to-low spread represents a total annual volatility of 2.0999 UAH. From a start-to-finish perspective, comparing the January average rate of 20.2682 to the December average rate of 20.7705, the exchange rate registered a net change of 2.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.6423 was up 7.16% compared to the 2022 peak of 20.1967, 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 108,211 UAH

2022 Average 87,549 UAH

Yearly Trough Low 97,712 UAH

Transaction Impact: A difference of 10,499.48 UAH purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.9420

19.6071

JanuMarcMayJulySeptNove

BGN to UAH 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 20.3692, compared to 20.3409 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0283 points.

H1 Avg (Jan–Jun) 20.3692

H2 Avg (Jul–Dec) 20.3409

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 1.4269 UAH (High: 21.6423 / Low: 20.2154). On the other end, August was the most stable month, with a tight range of 0.4206 UAH (High: 20.8075 / Low: 20.3869).

December Spread (Volatile) ±1.4269

August Spread (Stable) ±0.4206

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 0.4373 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4373

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 20.7705) against the same month in 2022 (average: 19.9434), the exchange rate shifted by +0.8271 (+4.15%).

2023 Avg (December) 20.7705

2022 Avg (December) 19.9434

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.5506	19.7850	20.2682
February	20.6166	19.8272	20.1335
March	20.5677	19.8958	20.1785
April	20.8648	20.4089	20.6585
May	20.9001	20.1172	20.5018
June	20.7436	20.1941	20.4747
July	21.2141	20.4726	20.8308
August	20.8075	20.3869	20.5906
September	20.4125	19.8517	20.1533
October	20.0335	19.5424	19.7183
November	20.4333	19.6448	19.9820
December	21.6423	20.2154	20.7705