2023 NPR to BGN Historical Review

YEARLY HIGH

0.0142 BGN

YEARLY LOW

0.0132 BGN

YEARLY AVERAGE

0.0137 BGN

2023 NPR to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 0.0142. Conversely, the yearly low was recorded on July 13, dropping to 0.0132.

This high-to-low spread represents a total annual volatility of 0.0010 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0139 to the December average rate of 0.0134, the exchange rate registered a net change of -3.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0142 was down 9.12% compared to the 2022 peak of 0.0156, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 71 BGN

2022 Average 74 BGN

Yearly Trough Low 66 BGN

Transaction Impact: A difference of 5.25 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0140

0.0134

JanuMarcMayJulySeptNove

NPR 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 0.0138, compared to 0.0136 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) 0.0138

H2 Avg (Jul–Dec) 0.0136

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0006 BGN (High: 0.0137 / Low: 0.0132). On the other end, April was the most stable month, with a tight range of 0.0002 BGN (High: 0.0137 / Low: 0.0135).

July Spread (Volatile) ±0.0006

April Spread (Stable) ±0.0002

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 October and November, when the average rate fell by 0.0003 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0139) against the same month in 2022 (average: 0.0146), the exchange rate shifted by -0.0007 (-4.75%).

2023 Avg (March) 0.0139

2022 Avg (March) 0.0146

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0140	0.0137	0.0139
February	0.0140	0.0136	0.0138
March	0.0142	0.0136	0.0139
April	0.0137	0.0135	0.0136
May	0.0138	0.0135	0.0137
June	0.0139	0.0136	0.0137
July	0.0137	0.0132	0.0135
August	0.0137	0.0134	0.0135
September	0.0140	0.0137	0.0138
October	0.0140	0.0138	0.0139
November	0.0139	0.0133	0.0136
December	0.0136	0.0132	0.0134