2023 PEN to BGN Historical Review

YEARLY HIGH

0.4988 BGN

YEARLY LOW

0.4603 BGN

YEARLY AVERAGE

0.4835 BGN

2023 PEN to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 12, valuing the pair at 0.4988. Conversely, the yearly low was recorded on January 26, dropping to 0.4603.

This high-to-low spread represents a total annual volatility of 0.0385 BGN. From a start-to-finish perspective, comparing the January average rate of 0.4745 to the December average rate of 0.4794, the exchange rate registered a net change of 1.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4988 was down 3.76% compared to the 2022 peak of 0.5182, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,494 BGN

2022 Average 2,426 BGN

Yearly Trough Low 2,301 BGN

Transaction Impact: A difference of 192.53 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4968

0.4723

JanuMarcMayJulySeptNove

PEN 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 0.4820, compared to 0.4851 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.4820

H2 Avg (Jul–Dec) 0.4851

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0284 BGN (High: 0.4886 / Low: 0.4603). On the other end, September was the most stable month, with a tight range of 0.0095 BGN (High: 0.4959 / Low: 0.4864).

January Spread (Volatile) ±0.0284

September Spread (Stable) ±0.0095

Growth Streaks & Declines

Trends

Between January and March, 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 September and October, when the average rate fell by 0.0097 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0097

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.4947) against the same month in 2022 (average: 0.4941), the exchange rate shifted by +0.0006 (+0.13%).

2023 Avg (June) 0.4947

2022 Avg (June) 0.4941

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4886	0.4603	0.4745
February	0.4861	0.4667	0.4764
March	0.4908	0.4762	0.4835
April	0.4806	0.4687	0.4744
May	0.4982	0.4761	0.4886
June	0.4988	0.4893	0.4947
July	0.4965	0.4869	0.4916
August	0.4928	0.4810	0.4857
September	0.4959	0.4864	0.4920
October	0.4922	0.4728	0.4823
November	0.4865	0.4664	0.4795
December	0.4852	0.4708	0.4794