2023 BGN to UYU Historical Review

YEARLY HIGH

22.3606 UYU

YEARLY LOW

20.5738 UYU

YEARLY AVERAGE

21.4732 UYU

2023 BGN to UYU Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to UYU exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 22.3606. Conversely, the yearly low was recorded on September 27, dropping to 20.5738.

This high-to-low spread represents a total annual volatility of 1.7868 UYU. From a start-to-finish perspective, comparing the January average rate of 21.7672 to the December average rate of 21.9284, the exchange rate registered a net change of 0.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.3606 was down 14.38% compared to the 2022 peak of 26.1159, 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 111,803 UYU

2022 Average 111,061 UYU

Yearly Trough Low 102,869 UYU

Transaction Impact: A difference of 8,934.16 UYU purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.0571

20.6450

JanuMarcMayJulySeptNove

BGN to UYU 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 21.5225, compared to 21.4240 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0985 points.

H1 Avg (Jan–Jun) 21.5225

H2 Avg (Jul–Dec) 21.4240

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.1114 UYU (High: 21.9324 / Low: 20.8210). On the other end, April was the most stable month, with a tight range of 0.4125 UYU (High: 21.9756 / Low: 21.5630).

July Spread (Volatile) ±1.1114

April Spread (Stable) ±0.4125

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 January and February, when the average rate fell by 0.3924 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3924

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 21.9284) against the same month in 2022 (average: 21.0963), the exchange rate shifted by +0.8321 (+3.94%).

2023 Avg (December) 21.9284

2022 Avg (December) 21.0963

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.0802	21.4518	21.7672
February	21.6359	20.9789	21.3748
March	21.7049	21.1009	21.4104
April	21.9756	21.5630	21.7543
May	22.0298	21.1855	21.6029
June	21.4684	20.9054	21.2253
July	21.9324	20.8210	21.3957
August	21.5573	20.8152	21.1162
September	20.9954	20.5738	20.7626
October	21.7550	20.6809	21.4014
November	22.2452	21.6245	21.9394
December	22.3606	21.5305	21.9284