2023 NIO to BGN Historical Review

YEARLY HIGH

0.0510 BGN

YEARLY LOW

0.0476 BGN

YEARLY AVERAGE

0.0495 BGN

2023 NIO to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0510. Conversely, the yearly low was recorded on July 14, dropping to 0.0476.

This high-to-low spread represents a total annual volatility of 0.0034 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0497 to the December average rate of 0.0488, the exchange rate registered a net change of -1.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0510 was down 10.05% compared to the 2022 peak of 0.0567, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 255 BGN

2022 Average 259 BGN

Yearly Trough Low 238 BGN

Transaction Impact: A difference of 17.05 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0508

0.0482

JanuMarcMayJulySeptNove

NIO 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 0.0495, compared to 0.0494 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0495

H2 Avg (Jul–Dec) 0.0494

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0020 BGN (High: 0.0505 / Low: 0.0485). On the other end, April was the most stable month, with a tight range of 0.0008 BGN (High: 0.0492 / Low: 0.0484).

November Spread (Volatile) ±0.0020

April Spread (Stable) ±0.0008

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 0.0012 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0506) against the same month in 2022 (average: 0.0552), the exchange rate shifted by -0.0046 (-8.38%).

2023 Avg (October) 0.0506

2022 Avg (October) 0.0552

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0510	0.0491	0.0497
February	0.0510	0.0491	0.0501
March	0.0508	0.0491	0.0500
April	0.0492	0.0484	0.0488
May	0.0500	0.0483	0.0493
June	0.0501	0.0487	0.0493
July	0.0493	0.0476	0.0484
August	0.0495	0.0485	0.0490
September	0.0509	0.0495	0.0501
October	0.0510	0.0501	0.0506
November	0.0505	0.0485	0.0494
December	0.0496	0.0481	0.0488