2023 MYR to BGN Historical Review

YEARLY HIGH

0.4275 BGN

YEARLY LOW

0.3785 BGN

YEARLY AVERAGE

0.3969 BGN

2023 MYR to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 0.4275. Conversely, the yearly low was recorded on July 12, dropping to 0.3785.

This high-to-low spread represents a total annual volatility of 0.0490 BGN. From a start-to-finish perspective, comparing the January average rate of 0.4191 to the December average rate of 0.3846, the exchange rate registered a net change of -8.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4275 was down 3.39% compared to the 2022 peak of 0.4425, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 8,551 BGN

2022 Average 8,455 BGN

Yearly Trough Low 7,571 BGN

Transaction Impact: A difference of 980.27 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4225

0.3811

JanuMarcMayJulySeptNove

MYR 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 0.4062, compared to 0.3876 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0186 points.

H1 Avg (Jan–Jun) 0.4062

H2 Avg (Jul–Dec) 0.3876

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0166 BGN (High: 0.3990 / Low: 0.3824). On the other end, September was the most stable month, with a tight range of 0.0067 BGN (High: 0.3955 / Low: 0.3888).

June Spread (Volatile) ±0.0166

September Spread (Stable) ±0.0067

Growth Streaks & Declines

Trends

Between July and September, 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 February and March, when the average rate fell by 0.0103 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0103

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.4189) against the same month in 2022 (average: 0.4116), the exchange rate shifted by +0.0073 (+1.77%).

2023 Avg (February) 0.4189

2022 Avg (February) 0.4116

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4241	0.4125	0.4191
February	0.4275	0.4120	0.4189
March	0.4139	0.4038	0.4085
April	0.4073	0.3966	0.4028
May	0.4039	0.3916	0.3984
June	0.3990	0.3824	0.3897
July	0.3939	0.3785	0.3852
August	0.3930	0.3857	0.3890
September	0.3955	0.3888	0.3914
October	0.3957	0.3846	0.3901
November	0.3940	0.3807	0.3855
December	0.3897	0.3803	0.3846