2023 MMK to BGN Historical Review

YEARLY HIGH

0.0009 BGN

YEARLY LOW

0.0008 BGN

YEARLY AVERAGE

0.0009 BGN

2023 MMK to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0009. Conversely, the yearly low was recorded on July 18, dropping to 0.0008.

This high-to-low spread represents a total annual volatility of 0.0001 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0009 to the December average rate of 0.0009, the exchange rate registered a net change of -1.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0009 was down 15.58% compared to the 2022 peak of 0.0011, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4 BGN

2022 Average 5 BGN

Yearly Trough Low 4 BGN

Transaction Impact: A difference of 0.30 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0009

0.0008

JanuMarcMayJulySeptNove

MMK 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 0.0009, compared to 0.0009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0009

H2 Avg (Jul–Dec) 0.0009

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0000 BGN (High: 0.0009 / Low: 0.0008). On the other end, April was the most stable month, with a tight range of 0.0000 BGN (High: 0.0009 / Low: 0.0008).

November Spread (Volatile) ±0.0000

April Spread (Stable) ±0.0000

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 March and April, when the average rate fell by 0.0000 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0009) against the same month in 2022 (average: 0.0009), the exchange rate shifted by -0.0001 (-6.88%).

2023 Avg (October) 0.0009

2022 Avg (October) 0.0009

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0009	0.0009	0.0009
February	0.0009	0.0009	0.0009
March	0.0009	0.0009	0.0009
April	0.0009	0.0008	0.0008
May	0.0009	0.0008	0.0009
June	0.0009	0.0008	0.0009
July	0.0009	0.0008	0.0008
August	0.0009	0.0008	0.0009
September	0.0009	0.0009	0.0009
October	0.0009	0.0009	0.0009
November	0.0009	0.0008	0.0009
December	0.0009	0.0008	0.0009