2023 GBP to BGN Historical Review

YEARLY HIGH

2.2996 BGN

YEARLY LOW

2.1769 BGN

YEARLY AVERAGE

2.2482 BGN

2023 GBP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GBP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 11, valuing the pair at 2.2996. Conversely, the yearly low was recorded on February 3, dropping to 2.1769.

This high-to-low spread represents a total annual volatility of 0.1228 BGN. From a start-to-finish perspective, comparing the January average rate of 2.2207 to the December average rate of 2.2687, the exchange rate registered a net change of 2.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2996 was down 2.92% compared to the 2022 peak of 2.3688, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,498 BGN

2022 Average 11,472 BGN

Yearly Trough Low 10,884 BGN

Transaction Impact: A difference of 613.76 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2868

2.1982

JanuMarcMayJulySeptNove

GBP 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 2.2310, compared to 2.2655 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0345 points.

H1 Avg (Jan–Jun) 2.2310

H2 Avg (Jul–Dec) 2.2655

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0613 BGN (High: 2.2768 / Low: 2.2155). On the other end, October was the most stable month, with a tight range of 0.0283 BGN (High: 2.2681 / Low: 2.2398).

May Spread (Volatile) ±0.0613

October Spread (Stable) ±0.0283

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0162 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0162

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.2779) against the same month in 2022 (average: 2.3052), the exchange rate shifted by -0.0273 (-1.18%).

2023 Avg (July) 2.2779

2022 Avg (July) 2.3052

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2376	2.2024	2.2207
February	2.2245	2.1769	2.2056
March	2.2405	2.1921	2.2165
April	2.2326	2.1971	2.2181
May	2.2768	2.2155	2.2456
June	2.2939	2.2656	2.2794
July	2.2996	2.2577	2.2779
August	2.2960	2.2565	2.2772
September	2.2922	2.2455	2.2692
October	2.2681	2.2398	2.2530
November	2.2687	2.2316	2.2467
December	2.2829	2.2509	2.2687