2023 BOB to BGN Historical Review

YEARLY HIGH

0.2704 BGN

YEARLY LOW

0.2519 BGN

YEARLY AVERAGE

0.2618 BGN

2023 BOB to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.2704. Conversely, the yearly low was recorded on July 18, dropping to 0.2519.

This high-to-low spread represents a total annual volatility of 0.0184 BGN. From a start-to-finish perspective, comparing the January average rate of 0.2625 to the December average rate of 0.2589, the exchange rate registered a net change of -1.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2704 was down 8.43% compared to the 2022 peak of 0.2953, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,352 BGN

2022 Average 1,349 BGN

Yearly Trough Low 1,260 BGN

Transaction Impact: A difference of 92.07 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2693

0.2550

JanuMarcMayJulySeptNove

BOB 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 0.2619, compared to 0.2616 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.2619

H2 Avg (Jul–Dec) 0.2616

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0101 BGN (High: 0.2677 / Low: 0.2576). On the other end, April was the most stable month, with a tight range of 0.0044 BGN (High: 0.2604 / Low: 0.2560).

November Spread (Volatile) ±0.0101

April Spread (Stable) ±0.0044

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 0.0067 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.2681) against the same month in 2022 (average: 0.2877), the exchange rate shifted by -0.0196 (-6.82%).

2023 Avg (October) 0.2681

2022 Avg (October) 0.2877

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2688	0.2595	0.2625
February	0.2682	0.2593	0.2646
March	0.2683	0.2598	0.2646
April	0.2604	0.2560	0.2580
May	0.2649	0.2557	0.2606
June	0.2647	0.2576	0.2611
July	0.2611	0.2519	0.2562
August	0.2622	0.2569	0.2595
September	0.2692	0.2619	0.2652
October	0.2704	0.2654	0.2681
November	0.2677	0.2576	0.2620
December	0.2630	0.2545	0.2589