2023 QAR to BGN Historical Review

YEARLY HIGH

0.5133 BGN

YEARLY LOW

0.4778 BGN

YEARLY AVERAGE

0.4963 BGN

2023 QAR to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.5133. Conversely, the yearly low was recorded on July 15, dropping to 0.4778.

This high-to-low spread represents a total annual volatility of 0.0355 BGN. From a start-to-finish perspective, comparing the January average rate of 0.4978 to the December average rate of 0.4915, the exchange rate registered a net change of -1.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5133 was down 8.41% compared to the 2022 peak of 0.5604, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,566 BGN

2022 Average 2,553 BGN

Yearly Trough Low 2,389 BGN

Transaction Impact: A difference of 177.58 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5104

0.4837

JanuMarcMayJulySeptNove

QAR 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 0.4964, compared to 0.4962 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.4964

H2 Avg (Jul–Dec) 0.4962

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0188 BGN (High: 0.5105 / Low: 0.4916). On the other end, April was the most stable month, with a tight range of 0.0087 BGN (High: 0.4935 / Low: 0.4848).

January Spread (Volatile) ±0.0188

April Spread (Stable) ±0.0087

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 0.0118 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0118

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.5082) against the same month in 2022 (average: 0.5459), the exchange rate shifted by -0.0378 (-6.92%).

2023 Avg (October) 0.5082

2022 Avg (October) 0.5459

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5105	0.4916	0.4978
February	0.5093	0.4910	0.5013
March	0.5092	0.4914	0.5007
April	0.4935	0.4848	0.4889
May	0.5023	0.4851	0.4943
June	0.5022	0.4889	0.4952
July	0.4947	0.4778	0.4859
August	0.4973	0.4871	0.4920
September	0.5114	0.4964	0.5030
October	0.5133	0.5034	0.5082
November	0.5072	0.4885	0.4968
December	0.4991	0.4839	0.4915