2023 ETB to BGN Historical Review

YEARLY HIGH

0.0346 BGN

YEARLY LOW

0.0313 BGN

YEARLY AVERAGE

0.0330 BGN

2023 ETB to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0346. Conversely, the yearly low was recorded on December 27, dropping to 0.0313.

This high-to-low spread represents a total annual volatility of 0.0033 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0338 to the December average rate of 0.0319, the exchange rate registered a net change of -5.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0346 was down 10.49% compared to the 2022 peak of 0.0387, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 173 BGN

2022 Average 179 BGN

Yearly Trough Low 157 BGN

Transaction Impact: A difference of 16.61 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0343

0.0317

JanuMarcMayJulySeptNove

ETB 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 0.0335, compared to 0.0326 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0335

H2 Avg (Jul–Dec) 0.0326

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0013 BGN (High: 0.0332 / Low: 0.0319). On the other end, October was the most stable month, with a tight range of 0.0007 BGN (High: 0.0336 / Low: 0.0329).

November Spread (Volatile) ±0.0013

October Spread (Stable) ±0.0007

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 0.0011 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0338) against the same month in 2022 (average: 0.0348), the exchange rate shifted by -0.0010 (-2.94%).

2023 Avg (January) 0.0338

2022 Avg (January) 0.0348

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0346	0.0334	0.0338
February	0.0345	0.0334	0.0340
March	0.0345	0.0333	0.0340
April	0.0334	0.0325	0.0329
May	0.0337	0.0325	0.0331
June	0.0336	0.0325	0.0330
July	0.0329	0.0317	0.0323
August	0.0329	0.0322	0.0326
September	0.0337	0.0327	0.0332
October	0.0336	0.0329	0.0333
November	0.0332	0.0319	0.0324
December	0.0326	0.0313	0.0319