2023 DJF to BGN Historical Review

YEARLY HIGH

0.0105 BGN

YEARLY LOW

0.0098 BGN

YEARLY AVERAGE

0.0102 BGN

2023 DJF to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DJF to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0105. Conversely, the yearly low was recorded on July 15, dropping to 0.0098.

This high-to-low spread represents a total annual volatility of 0.0007 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0102 to the December average rate of 0.0101, the exchange rate registered a net change of -1.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0105 was down 8.36% compared to the 2022 peak of 0.0115, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 53 BGN

2022 Average 52 BGN

Yearly Trough Low 49 BGN

Transaction Impact: A difference of 3.56 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0105

0.0099

JanuMarcMayJulySeptNove

DJF 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 0.0102, compared to 0.0102 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0102

H2 Avg (Jul–Dec) 0.0102

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0004 BGN (High: 0.0104 / Low: 0.0100). On the other end, April was the most stable month, with a tight range of 0.0002 BGN (High: 0.0101 / Low: 0.0099).

November Spread (Volatile) ±0.0004

April Spread (Stable) ±0.0002

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 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0104) against the same month in 2022 (average: 0.0112), the exchange rate shifted by -0.0008 (-6.93%).

2023 Avg (October) 0.0104

2022 Avg (October) 0.0112

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0105	0.0101	0.0102
February	0.0104	0.0101	0.0103
March	0.0104	0.0101	0.0103
April	0.0101	0.0099	0.0100
May	0.0103	0.0099	0.0101
June	0.0103	0.0100	0.0101
July	0.0101	0.0098	0.0100
August	0.0102	0.0100	0.0101
September	0.0105	0.0102	0.0103
October	0.0105	0.0103	0.0104
November	0.0104	0.0100	0.0102
December	0.0102	0.0099	0.0101