2023 CHF to BGN Historical Review

YEARLY HIGH

2.1062 BGN

YEARLY LOW

1.9440 BGN

YEARLY AVERAGE

2.0128 BGN

2023 CHF to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CHF to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 2.1062. Conversely, the yearly low was recorded on January 12, dropping to 1.9440.

This high-to-low spread represents a total annual volatility of 0.1621 BGN. From a start-to-finish perspective, comparing the January average rate of 1.9629 to the December average rate of 2.0737, the exchange rate registered a net change of 5.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1062 was up 2.36% compared to the 2022 peak of 2.0575, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,531 BGN

2022 Average 9,739 BGN

Yearly Trough Low 9,720 BGN

Transaction Impact: A difference of 810.59 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.0848

1.9519

JanuMarcMayJulySeptNove

CHF 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 1.9833, compared to 2.0422 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0588 points.

H1 Avg (Jan–Jun) 1.9833

H2 Avg (Jul–Dec) 2.0422

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0549 BGN (High: 2.0728 / Low: 2.0179). On the other end, August was the most stable month, with a tight range of 0.0205 BGN (High: 2.0516 / Low: 2.0310).

October Spread (Volatile) ±0.0549

August Spread (Stable) ±0.0205

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0200 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0200

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.0737) against the same month in 2022 (average: 1.9826), the exchange rate shifted by +0.0911 (+4.60%).

2023 Avg (December) 2.0737

2022 Avg (December) 1.9826

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9854	1.9440	1.9629
February	1.9866	1.9501	1.9729
March	1.9975	1.9526	1.9735
April	1.9996	1.9568	1.9828
May	2.0192	1.9802	2.0039
June	2.0192	1.9945	2.0039
July	2.0500	2.0001	2.0232
August	2.0516	2.0310	2.0406
September	2.0504	2.0178	2.0378
October	2.0728	2.0179	2.0489
November	2.0534	2.0213	2.0289
December	2.1062	2.0535	2.0737