2023 EGP to BGN Historical Review

YEARLY HIGH

0.0748 BGN

YEARLY LOW

0.0563 BGN

YEARLY AVERAGE

0.0590 BGN

2023 EGP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0748. Conversely, the yearly low was recorded on July 16, dropping to 0.0563.

This high-to-low spread represents a total annual volatility of 0.0185 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0637 to the December average rate of 0.0580, the exchange rate registered a net change of -8.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0748 was down 34.69% compared to the 2022 peak of 0.1145, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 374 BGN

2022 Average 492 BGN

Yearly Trough Low 281 BGN

Transaction Impact: A difference of 92.56 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0643

0.0566

JanuMarcMayJulySeptNove

EGP 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 0.0596, compared to 0.0585 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) 0.0596

H2 Avg (Jul–Dec) 0.0585

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0150 BGN (High: 0.0748 / Low: 0.0597). On the other end, October was the most stable month, with a tight range of 0.0011 BGN (High: 0.0604 / Low: 0.0593).

January Spread (Volatile) ±0.0150

October Spread (Stable) ±0.0011

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 January and February, when the average rate fell by 0.0037 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0637) against the same month in 2022 (average: 0.1099), the exchange rate shifted by -0.0462 (-42.07%).

2023 Avg (January) 0.0637

2022 Avg (January) 0.1099

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0748	0.0597	0.0637
February	0.0607	0.0592	0.0600
March	0.0603	0.0581	0.0593
April	0.0585	0.0572	0.0578
May	0.0592	0.0571	0.0584
June	0.0593	0.0576	0.0584
July	0.0583	0.0563	0.0573
August	0.0586	0.0574	0.0580
September	0.0603	0.0586	0.0593
October	0.0604	0.0593	0.0599
November	0.0598	0.0575	0.0585
December	0.0589	0.0572	0.0580