2023 RON to BGN Historical Review

YEARLY HIGH

0.4027 BGN

YEARLY LOW

0.3918 BGN

YEARLY AVERAGE

0.3953 BGN

2023 RON to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 0.4027. Conversely, the yearly low was recorded on November 12, dropping to 0.3918.

This high-to-low spread represents a total annual volatility of 0.0109 BGN. From a start-to-finish perspective, comparing the January average rate of 0.3971 to the December average rate of 0.3935, the exchange rate registered a net change of -0.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4027 was down 0.72% compared to the 2022 peak of 0.4056, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,013 BGN

2022 Average 1,984 BGN

Yearly Trough Low 1,959 BGN

Transaction Impact: A difference of 54.35 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3991

0.3930

JanuMarcMayJulySeptNove

RON 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 0.3963, compared to 0.3944 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.3963

H2 Avg (Jul–Dec) 0.3944

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0070 BGN (High: 0.4012 / Low: 0.3942). On the other end, October was the most stable month, with a tight range of 0.0018 BGN (High: 0.3945 / Low: 0.3927).

January Spread (Volatile) ±0.0070

October Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0019 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.3986) against the same month in 2022 (average: 0.3954), the exchange rate shifted by +0.0032 (+0.81%).

2023 Avg (February) 0.3986

2022 Avg (February) 0.3954

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4012	0.3942	0.3971
February	0.4027	0.3962	0.3986
March	0.3992	0.3937	0.3969
April	0.3973	0.3923	0.3957
May	0.3974	0.3927	0.3951
June	0.3950	0.3930	0.3942
July	0.3974	0.3942	0.3958
August	0.3966	0.3948	0.3958
September	0.3958	0.3926	0.3938
October	0.3945	0.3927	0.3937
November	0.3948	0.3918	0.3935
December	0.3950	0.3926	0.3935