2023 JMD to BGN Historical Review

YEARLY HIGH

0.0123 BGN

YEARLY LOW

0.0113 BGN

YEARLY AVERAGE

0.0117 BGN

2023 JMD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0123. Conversely, the yearly low was recorded on July 13, dropping to 0.0113.

This high-to-low spread represents a total annual volatility of 0.0010 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0119 to the December average rate of 0.0115, the exchange rate registered a net change of -2.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0123 was down 8.71% compared to the 2022 peak of 0.0134, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 61 BGN

2022 Average 61 BGN

Yearly Trough Low 56 BGN

Transaction Impact: A difference of 5.04 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0121

0.0114

JanuMarcMayJulySeptNove

JMD 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 0.0118, compared to 0.0117 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0118

H2 Avg (Jul–Dec) 0.0117

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0006 BGN (High: 0.0123 / Low: 0.0116). On the other end, October was the most stable month, with a tight range of 0.0002 BGN (High: 0.0121 / Low: 0.0119).

January Spread (Volatile) ±0.0006

October Spread (Stable) ±0.0002

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 0.0003 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0119) against the same month in 2022 (average: 0.0112), the exchange rate shifted by +0.0007 (+6.41%).

2023 Avg (January) 0.0119

2022 Avg (January) 0.0112

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0123	0.0116	0.0119
February	0.0120	0.0116	0.0119
March	0.0122	0.0119	0.0120
April	0.0119	0.0115	0.0117
May	0.0119	0.0115	0.0117
June	0.0118	0.0116	0.0117
July	0.0117	0.0113	0.0115
August	0.0118	0.0115	0.0116
September	0.0120	0.0117	0.0119
October	0.0121	0.0119	0.0119
November	0.0119	0.0115	0.0116
December	0.0117	0.0114	0.0115