2023 MVR to BGN Historical Review

YEARLY HIGH

0.1215 BGN

YEARLY LOW

0.1128 BGN

YEARLY AVERAGE

0.1176 BGN

2023 MVR to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.1215. Conversely, the yearly low was recorded on July 15, dropping to 0.1128.

This high-to-low spread represents a total annual volatility of 0.0087 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1179 to the December average rate of 0.1165, the exchange rate registered a net change of -1.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1215 was down 7.93% compared to the 2022 peak of 0.1320, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 608 BGN

2022 Average 603 BGN

Yearly Trough Low 564 BGN

Transaction Impact: A difference of 43.43 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1208

0.1145

JanuMarcMayJulySeptNove

MVR 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 0.1178, compared to 0.1175 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.1178

H2 Avg (Jul–Dec) 0.1175

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0045 BGN (High: 0.1202 / Low: 0.1157). On the other end, April was the most stable month, with a tight range of 0.0018 BGN (High: 0.1170 / Low: 0.1151).

November Spread (Volatile) ±0.0045

April Spread (Stable) ±0.0018

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 0.0027 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.1203) against the same month in 2022 (average: 0.1288), the exchange rate shifted by -0.0085 (-6.60%).

2023 Avg (October) 0.1203

2022 Avg (October) 0.1288

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1206	0.1167	0.1179
February	0.1208	0.1168	0.1191
March	0.1207	0.1166	0.1188
April	0.1170	0.1151	0.1160
May	0.1196	0.1151	0.1173
June	0.1191	0.1160	0.1176
July	0.1171	0.1128	0.1150
August	0.1176	0.1157	0.1166
September	0.1205	0.1176	0.1188
October	0.1215	0.1191	0.1203
November	0.1202	0.1157	0.1177
December	0.1184	0.1146	0.1165