2023 BWP to BGN Historical Review

YEARLY HIGH

0.1453 BGN

YEARLY LOW

0.1311 BGN

YEARLY AVERAGE

0.1355 BGN

2023 BWP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.1453. Conversely, the yearly low was recorded on December 28, dropping to 0.1311.

This high-to-low spread represents a total annual volatility of 0.0141 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1420 to the December average rate of 0.1326, the exchange rate registered a net change of -6.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1453 was down 7.26% compared to the 2022 peak of 0.1566, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 726 BGN

2022 Average 752 BGN

Yearly Trough Low 656 BGN

Transaction Impact: A difference of 70.69 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1429

0.1317

JanuMarcMayJulySeptNove

BWP 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 0.1373, compared to 0.1337 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0036 points.

H1 Avg (Jan–Jun) 0.1373

H2 Avg (Jul–Dec) 0.1337

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0056 BGN (High: 0.1371 / Low: 0.1315). On the other end, October was the most stable month, with a tight range of 0.0027 BGN (High: 0.1361 / Low: 0.1333).

July Spread (Volatile) ±0.0056

October Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between August and October, 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 March and April, when the average rate fell by 0.0023 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1420) against the same month in 2022 (average: 0.1489), the exchange rate shifted by -0.0069 (-4.61%).

2023 Avg (January) 0.1420

2022 Avg (January) 0.1489

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1453	0.1401	0.1420
February	0.1418	0.1383	0.1397
March	0.1395	0.1359	0.1381
April	0.1381	0.1340	0.1358
May	0.1350	0.1323	0.1336
June	0.1356	0.1318	0.1342
July	0.1371	0.1315	0.1336
August	0.1345	0.1316	0.1329
September	0.1357	0.1329	0.1342
October	0.1361	0.1333	0.1348
November	0.1358	0.1315	0.1338
December	0.1341	0.1311	0.1326