2023 HKD to BGN Historical Review

YEARLY HIGH

0.2386 BGN

YEARLY LOW

0.2225 BGN

YEARLY AVERAGE

0.2310 BGN

2023 HKD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.2386. Conversely, the yearly low was recorded on July 15, dropping to 0.2225.

This high-to-low spread represents a total annual volatility of 0.0161 BGN. From a start-to-finish perspective, comparing the January average rate of 0.2319 to the December average rate of 0.2294, the exchange rate registered a net change of -1.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2386 was down 8.21% compared to the 2022 peak of 0.2599, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 5,965 BGN

2022 Average 5,939 BGN

Yearly Trough Low 5,563 BGN

Transaction Impact: A difference of 402.34 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2376

0.2252

JanuMarcMayJulySeptNove

HKD 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 0.2308, compared to 0.2311 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.2308

H2 Avg (Jul–Dec) 0.2311

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0088 BGN (High: 0.2379 / Low: 0.2290). On the other end, April was the most stable month, with a tight range of 0.0036 BGN (High: 0.2289 / Low: 0.2253).

January Spread (Volatile) ±0.0088

April Spread (Stable) ±0.0036

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: 0.2366) against the same month in 2022 (average: 0.2533), the exchange rate shifted by -0.0168 (-6.62%).

2023 Avg (October) 0.2366

2022 Avg (October) 0.2533

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2379	0.2290	0.2319
February	0.2362	0.2286	0.2330
March	0.2362	0.2287	0.2327
April	0.2289	0.2253	0.2270
May	0.2336	0.2251	0.2297
June	0.2331	0.2274	0.2303
July	0.2303	0.2225	0.2263
August	0.2310	0.2273	0.2291
September	0.2380	0.2311	0.2340
October	0.2386	0.2343	0.2366
November	0.2364	0.2282	0.2316
December	0.2328	0.2256	0.2294