2023 BGN to WST Historical Review

YEARLY HIGH

1.5895 WST

YEARLY LOW

1.4514 WST

YEARLY AVERAGE

1.5112 WST

2023 BGN to WST Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to WST exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 1.5895. Conversely, the yearly low was recorded on January 5, dropping to 1.4514.

This high-to-low spread represents a total annual volatility of 0.1381 WST. From a start-to-finish perspective, comparing the January average rate of 1.4874 to the December average rate of 1.5633, the exchange rate registered a net change of 5.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.5895 was up 3.72% compared to the 2022 peak of 1.5325, 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 7,947 WST

2022 Average 7,199 WST

Yearly Trough Low 7,257 WST

Transaction Impact: A difference of 690.50 WST purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.5721

1.4668

JanuMarcMayJulySeptNove

BGN to WST 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 1.4993, compared to 1.5231 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0238 points.

H1 Avg (Jan–Jun) 1.4993

H2 Avg (Jul–Dec) 1.5231

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0726 WST (High: 1.5272 / Low: 1.4546). On the other end, April was the most stable month, with a tight range of 0.0242 WST (High: 1.5410 / Low: 1.5168).

October Spread (Volatile) ±0.0726

April Spread (Stable) ±0.0242

Growth Streaks & Declines

Trends

Between September and December, 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 0.0323 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0323

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.5633) against the same month in 2022 (average: 1.4612), the exchange rate shifted by +0.1021 (+6.99%).

2023 Avg (December) 1.5633

2022 Avg (December) 1.4612

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5043	1.4514	1.4874
February	1.5045	1.4548	1.4756
March	1.5168	1.4550	1.4779
April	1.5410	1.5168	1.5293
May	1.5426	1.4898	1.5144
June	1.5310	1.4905	1.5111
July	1.5674	1.5129	1.5405
August	1.5311	1.5006	1.5163
September	1.5013	1.4601	1.4840
October	1.5272	1.4546	1.4856
November	1.5741	1.5144	1.5488
December	1.5895	1.5400	1.5633