2023 BZD to BGN Historical Review

YEARLY HIGH

0.9269 BGN

YEARLY LOW

0.8637 BGN

YEARLY AVERAGE

0.8975 BGN

2023 BZD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BZD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.9269. Conversely, the yearly low was recorded on July 18, dropping to 0.8637.

This high-to-low spread represents a total annual volatility of 0.0632 BGN. From a start-to-finish perspective, comparing the January average rate of 0.8998 to the December average rate of 0.8877, the exchange rate registered a net change of -1.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9269 was down 8.43% compared to the 2022 peak of 1.0122, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,634 BGN

2022 Average 4,615 BGN

Yearly Trough Low 4,319 BGN

Transaction Impact: A difference of 315.76 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9231

0.8745

JanuMarcMayJulySeptNove

BZD 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 0.8981, compared to 0.8970 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.8981

H2 Avg (Jul–Dec) 0.8970

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0346 BGN (High: 0.9177 / Low: 0.8831). On the other end, April was the most stable month, with a tight range of 0.0152 BGN (High: 0.8928 / Low: 0.8776).

November Spread (Volatile) ±0.0346

April Spread (Stable) ±0.0152

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 (October 2023: 0.9191) against the same month in 2022 (average: 0.9875), the exchange rate shifted by -0.0684 (-6.93%).

2023 Avg (October) 0.9191

2022 Avg (October) 0.9875

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9216	0.8895	0.8998
February	0.9195	0.8888	0.9069
March	0.9211	0.8905	0.9082
April	0.8928	0.8776	0.8851
May	0.9080	0.8767	0.8934
June	0.9074	0.8833	0.8950
July	0.8950	0.8637	0.8786
August	0.8987	0.8806	0.8895
September	0.9227	0.8977	0.9090
October	0.9269	0.9099	0.9191
November	0.9177	0.8831	0.8981
December	0.9014	0.8726	0.8877