2023 SRD to BGN Historical Review

YEARLY HIGH

0.0588 BGN

YEARLY LOW

0.0454 BGN

YEARLY AVERAGE

0.0496 BGN

2023 SRD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0588. Conversely, the yearly low was recorded on July 19, dropping to 0.0454.

This high-to-low spread represents a total annual volatility of 0.0134 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0570 to the December average rate of 0.0479, the exchange rate registered a net change of -15.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0588 was down 34.79% compared to the 2022 peak of 0.0902, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 294 BGN

2022 Average 391 BGN

Yearly Trough Low 227 BGN

Transaction Impact: A difference of 67.07 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0581

0.0455

JanuMarcMayJulySeptNove

SRD 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 0.0517, compared to 0.0476 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0041 points.

H1 Avg (Jan–Jun) 0.0517

H2 Avg (Jul–Dec) 0.0476

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0055 BGN (High: 0.0552 / Low: 0.0498). On the other end, October was the most stable month, with a tight range of 0.0008 BGN (High: 0.0489 / Low: 0.0481).

March Spread (Volatile) ±0.0055

October Spread (Stable) ±0.0008

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 0.0044 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0570) against the same month in 2022 (average: 0.0817), the exchange rate shifted by -0.0247 (-30.19%).

2023 Avg (January) 0.0570

2022 Avg (January) 0.0817

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0588	0.0555	0.0570
February	0.0568	0.0544	0.0557
March	0.0552	0.0498	0.0528
April	0.0502	0.0474	0.0485
May	0.0491	0.0470	0.0482
June	0.0489	0.0466	0.0478
July	0.0486	0.0454	0.0466
August	0.0474	0.0461	0.0468
September	0.0487	0.0469	0.0478
October	0.0489	0.0481	0.0485
November	0.0485	0.0469	0.0476
December	0.0485	0.0474	0.0479