2023 SAR to BGN Historical Review

YEARLY HIGH

0.4983 BGN

YEARLY LOW

0.4634 BGN

YEARLY AVERAGE

0.4820 BGN

2023 SAR to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.4983. Conversely, the yearly low was recorded on July 15, dropping to 0.4634.

This high-to-low spread represents a total annual volatility of 0.0349 BGN. From a start-to-finish perspective, comparing the January average rate of 0.4829 to the December average rate of 0.4775, the exchange rate registered a net change of -1.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4983 was down 8.14% compared to the 2022 peak of 0.5425, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,492 BGN

2022 Average 2,477 BGN

Yearly Trough Low 2,317 BGN

Transaction Impact: A difference of 174.62 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4957

0.4694

JanuMarcMayJulySeptNove

SAR 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 0.4821, compared to 0.4819 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) 0.4821

H2 Avg (Jul–Dec) 0.4819

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0186 BGN (High: 0.4929 / Low: 0.4743). On the other end, April was the most stable month, with a tight range of 0.0073 BGN (High: 0.4789 / Low: 0.4715).

November Spread (Volatile) ±0.0186

April Spread (Stable) ±0.0073

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 October and November, when the average rate fell by 0.0114 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0114

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.4936) against the same month in 2022 (average: 0.5291), the exchange rate shifted by -0.0356 (-6.72%).

2023 Avg (October) 0.4936

2022 Avg (October) 0.5291

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4945	0.4776	0.4829
February	0.4945	0.4778	0.4873
March	0.4938	0.4783	0.4863
April	0.4789	0.4715	0.4751
May	0.4878	0.4711	0.4799
June	0.4876	0.4745	0.4810
July	0.4804	0.4634	0.4716
August	0.4830	0.4733	0.4780
September	0.4964	0.4828	0.4884
October	0.4983	0.4888	0.4936
November	0.4929	0.4743	0.4821
December	0.4848	0.4698	0.4775