2023 MUR to BGN Historical Review

YEARLY HIGH

0.0425 BGN

YEARLY LOW

0.0383 BGN

YEARLY AVERAGE

0.0401 BGN

2023 MUR to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0425. Conversely, the yearly low was recorded on July 23, dropping to 0.0383.

This high-to-low spread represents a total annual volatility of 0.0043 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0411 to the December average rate of 0.0406, the exchange rate registered a net change of -1.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0425 was down 7.61% compared to the 2022 peak of 0.0460, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 213 BGN

2022 Average 210 BGN

Yearly Trough Low 191 BGN

Transaction Impact: A difference of 21.25 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0421

0.0385

JanuMarcMayJulySeptNove

MUR 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 0.0398, compared to 0.0404 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0398

H2 Avg (Jul–Dec) 0.0404

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0030 BGN (High: 0.0418 / Low: 0.0388). On the other end, April was the most stable month, with a tight range of 0.0005 BGN (High: 0.0397 / Low: 0.0392).

September Spread (Volatile) ±0.0030

April Spread (Stable) ±0.0005

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 January and February, when the average rate fell by 0.0011 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0411) against the same month in 2022 (average: 0.0396), the exchange rate shifted by +0.0015 (+3.88%).

2023 Avg (January) 0.0411

2022 Avg (January) 0.0396

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0425	0.0398	0.0411
February	0.0406	0.0394	0.0400
March	0.0400	0.0386	0.0393
April	0.0397	0.0392	0.0395
May	0.0401	0.0390	0.0396
June	0.0402	0.0389	0.0395
July	0.0396	0.0383	0.0388
August	0.0398	0.0389	0.0394
September	0.0418	0.0388	0.0407
October	0.0421	0.0413	0.0418
November	0.0418	0.0401	0.0409
December	0.0412	0.0395	0.0406