2023 NAD to BGN Historical Review

YEARLY HIGH

0.1100 BGN

YEARLY LOW

0.0904 BGN

YEARLY AVERAGE

0.0979 BGN

2023 NAD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.1100. Conversely, the yearly low was recorded on August 14, dropping to 0.0904.

This high-to-low spread represents a total annual volatility of 0.0196 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1062 to the December average rate of 0.0959, the exchange rate registered a net change of -9.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1100 was down 12.02% compared to the 2022 peak of 0.1251, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 550 BGN

2022 Average 571 BGN

Yearly Trough Low 452 BGN

Transaction Impact: A difference of 98.10 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1074

0.0932

JanuMarcMayJulySeptNove

NAD 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 0.0995, compared to 0.0962 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.0995

H2 Avg (Jul–Dec) 0.0962

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0091 BGN (High: 0.1003 / Low: 0.0913). On the other end, March was the most stable month, with a tight range of 0.0027 BGN (High: 0.1013 / Low: 0.0985).

November Spread (Volatile) ±0.0091

March Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between May and July, 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 January and February, when the average rate fell by 0.0039 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1062) against the same month in 2022 (average: 0.1115), the exchange rate shifted by -0.0053 (-4.73%).

2023 Avg (January) 0.1062

2022 Avg (January) 0.1115

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1100	0.1041	0.1062
February	0.1070	0.1000	0.1023
March	0.1013	0.0985	0.0999
April	0.1013	0.0961	0.0981
May	0.0972	0.0924	0.0943
June	0.0984	0.0921	0.0963
July	0.1009	0.0945	0.0970
August	0.0978	0.0904	0.0952
September	0.0985	0.0947	0.0966
October	0.0987	0.0916	0.0962
November	0.1003	0.0913	0.0965
December	0.0981	0.0933	0.0959