2023 CNY to BGN Historical Review

YEARLY HIGH

0.2700 BGN

YEARLY LOW

0.2416 BGN

YEARLY AVERAGE

0.2558 BGN

2023 CNY to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.2700. Conversely, the yearly low was recorded on July 19, dropping to 0.2416.

This high-to-low spread represents a total annual volatility of 0.0284 BGN. From a start-to-finish perspective, comparing the January average rate of 0.2671 to the December average rate of 0.2516, the exchange rate registered a net change of -5.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2700 was down 6.88% compared to the 2022 peak of 0.2900, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 6,751 BGN

2022 Average 6,911 BGN

Yearly Trough Low 6,040 BGN

Transaction Impact: A difference of 710.64 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2692

0.2440

JanuMarcMayJulySeptNove

CNY 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 0.2613, compared to 0.2503 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0109 points.

H1 Avg (Jan–Jun) 0.2613

H2 Avg (Jul–Dec) 0.2503

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0106 BGN (High: 0.2578 / Low: 0.2471). On the other end, May was the most stable month, with a tight range of 0.0034 BGN (High: 0.2590 / Low: 0.2556).

June Spread (Volatile) ±0.0106

May Spread (Stable) ±0.0034

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 0.0061 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2671) against the same month in 2022 (average: 0.2719), the exchange rate shifted by -0.0048 (-1.77%).

2023 Avg (January) 0.2671

2022 Avg (January) 0.2719

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2700	0.2643	0.2671
February	0.2690	0.2653	0.2671
March	0.2677	0.2612	0.2649
April	0.2616	0.2557	0.2588
May	0.2590	0.2556	0.2576
June	0.2578	0.2471	0.2522
July	0.2502	0.2416	0.2461
August	0.2507	0.2457	0.2477
September	0.2547	0.2487	0.2512
October	0.2597	0.2506	0.2545
November	0.2538	0.2479	0.2510
December	0.2550	0.2467	0.2516