2023 HNL to BGN Historical Review

YEARLY HIGH

0.0754 BGN

YEARLY LOW

0.0705 BGN

YEARLY AVERAGE

0.0733 BGN

2023 HNL to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 13, valuing the pair at 0.0754. Conversely, the yearly low was recorded on July 13, dropping to 0.0705.

This high-to-low spread represents a total annual volatility of 0.0049 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0735 to the December average rate of 0.0725, the exchange rate registered a net change of -1.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0754 was down 8.87% compared to the 2022 peak of 0.0828, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 377 BGN

2022 Average 378 BGN

Yearly Trough Low 353 BGN

Transaction Impact: A difference of 24.42 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0753

0.0715

JanuMarcMayJulySeptNove

HNL 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 0.0734, compared to 0.0732 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0734

H2 Avg (Jul–Dec) 0.0732

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0029 BGN (High: 0.0747 / Low: 0.0719). On the other end, April was the most stable month, with a tight range of 0.0011 BGN (High: 0.0730 / Low: 0.0719).

November Spread (Volatile) ±0.0029

April Spread (Stable) ±0.0011

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 October and November, when the average rate fell by 0.0017 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0749) against the same month in 2022 (average: 0.0803), the exchange rate shifted by -0.0054 (-6.70%).

2023 Avg (October) 0.0749

2022 Avg (October) 0.0803

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0753	0.0726	0.0735
February	0.0751	0.0727	0.0742
March	0.0751	0.0728	0.0741
April	0.0730	0.0719	0.0725
May	0.0743	0.0717	0.0731
June	0.0740	0.0721	0.0731
July	0.0733	0.0705	0.0718
August	0.0736	0.0722	0.0728
September	0.0751	0.0732	0.0740
October	0.0754	0.0742	0.0749
November	0.0747	0.0719	0.0733
December	0.0737	0.0713	0.0725