2023 MXN to BGN Historical Review

YEARLY HIGH

0.1083 BGN

YEARLY LOW

0.0937 BGN

YEARLY AVERAGE

0.1021 BGN

2023 MXN to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.1083. Conversely, the yearly low was recorded on January 1, dropping to 0.0937.

This high-to-low spread represents a total annual volatility of 0.0145 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0956 to the December average rate of 0.1043, the exchange rate registered a net change of 9.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1083 was up 6.12% compared to the 2022 peak of 0.1020, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 5,413 BGN

2022 Average 4,629 BGN

Yearly Trough Low 4,686 BGN

Transaction Impact: A difference of 727.42 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1069

0.0946

JanuMarcMayJulySeptNove

MXN 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 0.0997, compared to 0.1045 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0048 points.

H1 Avg (Jan–Jun) 0.0997

H2 Avg (Jul–Dec) 0.1045

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0070 BGN (High: 0.1031 / Low: 0.0961). On the other end, December was the most stable month, with a tight range of 0.0017 BGN (High: 0.1050 / Low: 0.1033).

March Spread (Volatile) ±0.0070

December Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between January and March, 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 September and October, when the average rate fell by 0.0036 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.1056) against the same month in 2022 (average: 0.0960), the exchange rate shifted by +0.0095 (+9.92%).

2023 Avg (August) 0.1056

2022 Avg (August) 0.0960

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0971	0.0937	0.0956
February	0.1010	0.0951	0.0983
March	0.1031	0.0961	0.0992
April	0.0997	0.0975	0.0986
May	0.1038	0.0983	0.1015
June	0.1053	0.1035	0.1046
July	0.1063	0.1034	0.1045
August	0.1083	0.1030	0.1056
September	0.1075	0.1037	0.1059
October	0.1061	0.1009	0.1024
November	0.1049	0.1030	0.1041
December	0.1050	0.1033	0.1043