2023 LRD to BGN Historical Review

YEARLY HIGH

0.0121 BGN

YEARLY LOW

0.0093 BGN

YEARLY AVERAGE

0.0104 BGN

2023 LRD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LRD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 0.0121. Conversely, the yearly low was recorded on December 27, dropping to 0.0093.

This high-to-low spread represents a total annual volatility of 0.0027 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0117 to the December average rate of 0.0095, the exchange rate registered a net change of -18.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0121 was down 9.30% compared to the 2022 peak of 0.0133, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 60 BGN

2022 Average 61 BGN

Yearly Trough Low 47 BGN

Transaction Impact: A difference of 13.55 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0119

0.0093

JanuMarcMayJulySeptNove

LRD 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 0.0111, compared to 0.0097 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.0111

H2 Avg (Jul–Dec) 0.0097

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0008 BGN (High: 0.0108 / Low: 0.0099). On the other end, May was the most stable month, with a tight range of 0.0002 BGN (High: 0.0109 / Low: 0.0107).

June Spread (Volatile) ±0.0008

May Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0007 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0117) against the same month in 2022 (average: 0.0112), the exchange rate shifted by +0.0005 (+4.20%).

2023 Avg (February) 0.0117

2022 Avg (February) 0.0112

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0120	0.0115	0.0117
February	0.0121	0.0114	0.0117
March	0.0118	0.0111	0.0115
April	0.0111	0.0107	0.0109
May	0.0109	0.0107	0.0108
June	0.0108	0.0099	0.0103
July	0.0100	0.0094	0.0096
August	0.0097	0.0095	0.0096
September	0.0100	0.0097	0.0098
October	0.0100	0.0098	0.0099
November	0.0099	0.0095	0.0096
December	0.0097	0.0093	0.0095