YEARLY HIGH
13125.5488 STD
YEARLY LOW
11922.2548 STD
YEARLY AVERAGE
12497.5475 STD

2023 BGN to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 13125.5488. Conversely, the yearly low was recorded on October 3, dropping to 11922.2548.

This high-to-low spread represents a total annual volatility of 1203.2940 STD. From a start-to-finish perspective, comparing the January average rate of 12584.5078 to the December average rate of 12440.6381, the exchange rate registered a net change of -1.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 13125.5488 was up 3.32% compared to the 2022 peak of 12703.5692, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 65,627,744 STD
2022 Average 59,657,807 STD
Yearly Trough Low 59,611,274 STD
Transaction Impact: A difference of 6,016,469.99 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12948.2352
11953.5440
JanuMarcMayJulySeptNove

BGN to STD 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: JanтАУJun) was 12618.6896, compared to 12376.4054 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 242.2841 points.

H1 Avg (JanтАУJun) 12618.6896
H2 Avg (JulтАУDec) 12376.4054

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 593.3913 STD (High: 13125.5488 / Low: 12532.1575). On the other end, April was the most stable month, with a tight range of 202.5011 STD (High: 12904.7671 / Low: 12702.2660).

July Spread (Volatile) ┬▒593.3913
April Spread (Stable) ┬▒202.5011

Growth Streaks & Declines

Trends

Between February and April, 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 July and August, when the average rate fell by 437.5815 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -437.5815

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 12865.3443) against the same month in 2022 (average: 11608.4771), the exchange rate shifted by +1256.8672 (+10.83%).

2023 Avg (July) 12865.3443
2022 Avg (July) 11608.4771

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 12728.2915 12280.0737 12584.5078
February 12729.7468 12309.4794 12484.8988
March 12714.0189 12310.5616 12499.9915
April 12904.7671 12702.2660 12806.7467
May 12918.4112 12475.6028 12681.8679
June 12820.9180 12481.5383 12654.1248
July 13125.5488 12532.1575 12865.3443
August 12549.1676 12299.1341 12427.7628
September 12305.0160 11967.3342 12163.3743
October 12152.9357 11922.2548 12036.4349
November 12526.3099 12051.1538 12324.8783
December 12648.6867 12255.2719 12440.6381