2023 NZD to BGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NZD to BGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NZD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 1.1695. Conversely, the yearly low was recorded on August 19, dropping to 1.0634.
This high-to-low spread represents a total annual volatility of 0.1061 BGN. From a start-to-finish perspective, comparing the January average rate of 1.1618 to the December average rate of 1.1156, the exchange rate registered a net change of -3.97% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1.1695 was down 6.11% compared to the 2022 peak of 1.2456, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NZD to BGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.1290, compared to 1.0919 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0371 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 0.0477 BGN (High: 1.1318 / Low: 1.0841). On the other end, December was the most stable month, with a tight range of 0.0155 BGN (High: 1.1219 / Low: 1.1064).
Growth Streaks & Declines
TrendsBetween August and October, 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 July and August, when the average rate fell by 0.0271 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 1.1481) against the same month in 2022 (average: 1.1505), the exchange rate shifted by -0.0024 (-0.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.1691 | 1.1513 | 1.1618 |
| February | 1.1695 | 1.1356 | 1.1481 |
| March | 1.1499 | 1.1214 | 1.1334 |
| April | 1.1318 | 1.0841 | 1.1068 |
| May | 1.1379 | 1.0943 | 1.1172 |
| June | 1.1188 | 1.0884 | 1.1067 |
| July | 1.1138 | 1.0832 | 1.1007 |
| August | 1.0911 | 1.0634 | 1.0736 |
| September | 1.1085 | 1.0714 | 1.0860 |
| October | 1.1164 | 1.0722 | 1.0913 |
| November | 1.1059 | 1.0742 | 1.0844 |
| December | 1.1219 | 1.1064 | 1.1156 |