2023 GMD to BGN Historical Review

YEARLY HIGH

0.0307 BGN

YEARLY LOW

0.0261 BGN

YEARLY AVERAGE

0.0291 BGN

2023 GMD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 0.0307. Conversely, the yearly low was recorded on December 27, dropping to 0.0261.

This high-to-low spread represents a total annual volatility of 0.0046 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0292 to the December average rate of 0.0266, the exchange rate registered a net change of -9.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0307 was down 16.60% compared to the 2022 peak of 0.0369, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 154 BGN

2022 Average 168 BGN

Yearly Trough Low 131 BGN

Transaction Impact: A difference of 22.96 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0307

0.0262

JanuMarcMayJulySeptNove

GMD 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 0.0297, compared to 0.0285 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0297

H2 Avg (Jul–Dec) 0.0285

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0020 BGN (High: 0.0284 / Low: 0.0264). On the other end, August was the most stable month, with a tight range of 0.0004 BGN (High: 0.0298 / Low: 0.0294).

November Spread (Volatile) ±0.0020

August Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0014 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0303) against the same month in 2022 (average: 0.0342), the exchange rate shifted by -0.0039 (-11.37%).

2023 Avg (June) 0.0303

2022 Avg (June) 0.0342

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0299	0.0288	0.0292
February	0.0303	0.0291	0.0299
March	0.0303	0.0289	0.0297
April	0.0296	0.0284	0.0288
May	0.0307	0.0294	0.0301
June	0.0307	0.0299	0.0303
July	0.0303	0.0292	0.0297
August	0.0298	0.0294	0.0296
September	0.0304	0.0284	0.0297
October	0.0287	0.0279	0.0282
November	0.0284	0.0264	0.0270
December	0.0270	0.0261	0.0266