2023 BND to BGN Historical Review

YEARLY HIGH

1.3867 BGN

YEARLY LOW

1.3145 BGN

YEARLY AVERAGE

1.3469 BGN

2023 BND to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 1.3867. Conversely, the yearly low was recorded on July 13, dropping to 1.3145.

This high-to-low spread represents a total annual volatility of 0.0722 BGN. From a start-to-finish perspective, comparing the January average rate of 1.3669 to the December average rate of 1.3444, the exchange rate registered a net change of -1.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.3867 was down 2.43% compared to the 2022 peak of 1.4212, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BND based on timing:

Yearly Peak High 6,933 BGN

2022 Average 6,743 BGN

Yearly Trough Low 6,573 BGN

Transaction Impact: A difference of 360.77 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.3774

1.3207

JanuMarcMayJulySeptNove

BND to BGN 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 1.3545, compared to 1.3393 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0153 points.

H1 Avg (Jan–Jun) 1.3545

H2 Avg (Jul–Dec) 1.3393

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0370 BGN (High: 1.3570 / Low: 1.3200). On the other end, February was the most stable month, with a tight range of 0.0163 BGN (High: 1.3796 / Low: 1.3632).

June Spread (Volatile) ±0.0370

February Spread (Stable) ±0.0163

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 0.0231 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0231

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.3669) against the same month in 2022 (average: 1.2795), the exchange rate shifted by +0.0874 (+6.83%).

2023 Avg (January) 1.3669

2022 Avg (January) 1.2795

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3867	1.3560	1.3669
February	1.3796	1.3632	1.3727
March	1.3780	1.3502	1.3630
April	1.3535	1.3256	1.3399
May	1.3568	1.3267	1.3443
June	1.3570	1.3200	1.3404
July	1.3412	1.3145	1.3255
August	1.3376	1.3192	1.3276
September	1.3568	1.3344	1.3447
October	1.3623	1.3362	1.3525
November	1.3515	1.3215	1.3409
December	1.3571	1.3324	1.3444