2023 TRY to BGN Historical Review

YEARLY HIGH

0.0990 BGN

YEARLY LOW

0.0598 BGN

YEARLY AVERAGE

0.0785 BGN

2023 TRY to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0990. Conversely, the yearly low was recorded on December 28, dropping to 0.0598.

This high-to-low spread represents a total annual volatility of 0.0392 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0966 to the December average rate of 0.0616, the exchange rate registered a net change of -36.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0990 was down 25.30% compared to the 2022 peak of 0.1325, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 4,950 BGN

2022 Average 5,664 BGN

Yearly Trough Low 2,991 BGN

Transaction Impact: A difference of 1,959.94 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1005

0.0580

JanuMarcMayJulySeptNove

TRY 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 0.0916, compared to 0.0654 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0262 points.

H1 Avg (Jan–Jun) 0.0916

H2 Avg (Jul–Dec) 0.0654

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0185 BGN (High: 0.0871 / Low: 0.0686). On the other end, September was the most stable month, with a tight range of 0.0008 BGN (High: 0.0682 / Low: 0.0674).

June Spread (Volatile) ±0.0185

September Spread (Stable) ±0.0008

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 May and June, when the average rate fell by 0.0146 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0146

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0966) against the same month in 2022 (average: 0.1277), the exchange rate shifted by -0.0311 (-24.38%).

2023 Avg (January) 0.0966

2022 Avg (January) 0.1277

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0990	0.0953	0.0966
February	0.0982	0.0953	0.0970
March	0.0979	0.0936	0.0961
April	0.0937	0.0909	0.0921
May	0.0920	0.0881	0.0910
June	0.0871	0.0686	0.0764
July	0.0696	0.0646	0.0668
August	0.0698	0.0657	0.0666
September	0.0682	0.0674	0.0678
October	0.0679	0.0652	0.0664
November	0.0653	0.0615	0.0631
December	0.0629	0.0598	0.0616

2023 TRY నుండి BGN చారిత్రక సమీక్ష