2023 MAD to BGN Historical Review

YEARLY HIGH

0.1845 BGN

YEARLY LOW

0.1746 BGN

YEARLY AVERAGE

0.1786 BGN

2023 MAD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 5, valuing the pair at 0.1845. Conversely, the yearly low was recorded on April 4, dropping to 0.1746.

This high-to-low spread represents a total annual volatility of 0.0099 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1773 to the December average rate of 0.1784, the exchange rate registered a net change of 0.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1845 was down 3.44% compared to the 2022 peak of 0.1911, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 923 BGN

2022 Average 916 BGN

Yearly Trough Low 873 BGN

Transaction Impact: A difference of 49.74 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1822

0.1754

JanuMarcMayJulySeptNove

MAD 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 0.1775, compared to 0.1797 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.1775

H2 Avg (Jul–Dec) 0.1797

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0070 BGN (High: 0.1841 / Low: 0.1770). On the other end, February was the most stable month, with a tight range of 0.0024 BGN (High: 0.1786 / Low: 0.1763).

August Spread (Volatile) ±0.0070

February Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between April and July, 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 0.0022 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1816) against the same month in 2022 (average: 0.1876), the exchange rate shifted by -0.0060 (-3.17%).

2023 Avg (July) 0.1816

2022 Avg (July) 0.1876

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1795	0.1748	0.1773
February	0.1786	0.1763	0.1775
March	0.1787	0.1747	0.1768
April	0.1792	0.1746	0.1760
May	0.1800	0.1764	0.1781
June	0.1812	0.1774	0.1795
July	0.1845	0.1789	0.1816
August	0.1841	0.1770	0.1811
September	0.1810	0.1775	0.1790
October	0.1823	0.1776	0.1802
November	0.1795	0.1763	0.1780
December	0.1797	0.1760	0.1784