2023 PGK to BGN Historical Review

YEARLY HIGH

0.5275 BGN

YEARLY LOW

0.4679 BGN

YEARLY AVERAGE

0.5023 BGN

2023 PGK to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.5275. Conversely, the yearly low was recorded on December 30, dropping to 0.4679.

This high-to-low spread represents a total annual volatility of 0.0597 BGN. From a start-to-finish perspective, comparing the January average rate of 0.5149 to the December average rate of 0.4788, the exchange rate registered a net change of -7.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5275 was down 8.94% compared to the 2022 peak of 0.5793, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,638 BGN

2022 Average 2,637 BGN

Yearly Trough Low 2,339 BGN

Transaction Impact: A difference of 298.32 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5225

0.4749

JanuMarcMayJulySeptNove

PGK 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 0.5123, compared to 0.4923 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0200 points.

H1 Avg (Jan–Jun) 0.5123

H2 Avg (Jul–Dec) 0.4923

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0280 BGN (High: 0.5092 / Low: 0.4812). On the other end, April was the most stable month, with a tight range of 0.0124 BGN (High: 0.5105 / Low: 0.4981).

July Spread (Volatile) ±0.0280

April Spread (Stable) ±0.0124

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 October and November, when the average rate fell by 0.0175 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0175

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5149) against the same month in 2022 (average: 0.4904), the exchange rate shifted by +0.0244 (+4.98%).

2023 Avg (January) 0.5149

2022 Avg (January) 0.4904

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5275	0.5091	0.5149
February	0.5268	0.5086	0.5181
March	0.5262	0.5046	0.5185
April	0.5105	0.4981	0.5054
May	0.5179	0.5016	0.5096
June	0.5195	0.4990	0.5077
July	0.5092	0.4812	0.4954
August	0.5116	0.4885	0.4957
September	0.5116	0.4943	0.5027
October	0.5098	0.4911	0.4995
November	0.4979	0.4724	0.4820
December	0.4873	0.4679	0.4788