2023 GTQ to BGN Historical Review

YEARLY HIGH

0.2378 BGN

YEARLY LOW

0.2220 BGN

YEARLY AVERAGE

0.2309 BGN

2023 GTQ to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GTQ to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.2378. Conversely, the yearly low was recorded on July 14, dropping to 0.2220.

This high-to-low spread represents a total annual volatility of 0.0158 BGN. From a start-to-finish perspective, comparing the January average rate of 0.2311 to the December average rate of 0.2287, the exchange rate registered a net change of -1.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2378 was down 8.58% compared to the 2022 peak of 0.2601, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,189 BGN

2022 Average 1,200 BGN

Yearly Trough Low 1,110 BGN

Transaction Impact: A difference of 78.85 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2372

0.2246

JanuMarcMayJulySeptNove

GTQ 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 0.2314, compared to 0.2305 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.2314

H2 Avg (Jul–Dec) 0.2305

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0091 BGN (High: 0.2373 / Low: 0.2282). On the other end, October was the most stable month, with a tight range of 0.0038 BGN (High: 0.2378 / Low: 0.2339).

February Spread (Volatile) ±0.0091

October Spread (Stable) ±0.0038

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 0.0056 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0056

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.2361) against the same month in 2022 (average: 0.2530), the exchange rate shifted by -0.0168 (-6.65%).

2023 Avg (October) 0.2361

2022 Avg (October) 0.2530

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2367	0.2286	0.2311
February	0.2373	0.2282	0.2334
March	0.2376	0.2303	0.2344
April	0.2309	0.2269	0.2288
May	0.2341	0.2264	0.2307
June	0.2336	0.2271	0.2303
July	0.2299	0.2220	0.2257
August	0.2306	0.2258	0.2282
September	0.2366	0.2298	0.2329
October	0.2378	0.2339	0.2361
November	0.2360	0.2273	0.2311
December	0.2321	0.2248	0.2287