2023 LKR to BGN Historical Review

YEARLY HIGH

0.0063 BGN

YEARLY LOW

0.0049 BGN

YEARLY AVERAGE

0.0055 BGN

2023 LKR to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 0.0063. Conversely, the yearly low was recorded on February 2, dropping to 0.0049.

This high-to-low spread represents a total annual volatility of 0.0014 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0050 to the December average rate of 0.0055, the exchange rate registered a net change of 10.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0063 was down 29.59% compared to the 2022 peak of 0.0089, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 31 BGN

2022 Average 30 BGN

Yearly Trough Low 24 BGN

Transaction Impact: A difference of 6.96 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0061

0.0049

JanuMarcMayJulySeptNove

LKR 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 0.0055, compared to 0.0056 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0055

H2 Avg (Jul–Dec) 0.0056

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0007 BGN (High: 0.0062 / Low: 0.0055). On the other end, September was the most stable month, with a tight range of 0.0001 BGN (High: 0.0057 / Low: 0.0056).

May Spread (Volatile) ±0.0007

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0004 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0060) against the same month in 2022 (average: 0.0051), the exchange rate shifted by +0.0008 (+15.92%).

2023 Avg (June) 0.0060

2022 Avg (June) 0.0051

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0051	0.0049	0.0050
February	0.0051	0.0049	0.0050
March	0.0057	0.0051	0.0055
April	0.0056	0.0054	0.0055
May	0.0062	0.0055	0.0058
June	0.0063	0.0056	0.0060
July	0.0059	0.0053	0.0055
August	0.0057	0.0055	0.0056
September	0.0057	0.0056	0.0057
October	0.0058	0.0056	0.0057
November	0.0056	0.0054	0.0055
December	0.0056	0.0054	0.0055