2023 THB to BGN Historical Review

YEARLY HIGH

0.0552 BGN

YEARLY LOW

0.0500 BGN

YEARLY AVERAGE

0.0520 BGN

2023 THB to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 0.0552. Conversely, the yearly low was recorded on October 8, dropping to 0.0500.

This high-to-low spread represents a total annual volatility of 0.0052 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0546 to the December average rate of 0.0513, the exchange rate registered a net change of -6.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0552 was up 0.78% compared to the 2022 peak of 0.0548, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 13,800 BGN

2022 Average 13,276 BGN

Yearly Trough Low 12,491 BGN

Transaction Impact: A difference of 1,308.86 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0550

0.0504

JanuMarcMayJulySeptNove

THB 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 0.0530, compared to 0.0511 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) 0.0530

H2 Avg (Jul–Dec) 0.0511

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0024 BGN (High: 0.0552 / Low: 0.0528). On the other end, December was the most stable month, with a tight range of 0.0011 BGN (High: 0.0518 / Low: 0.0507).

January Spread (Volatile) ±0.0024

December Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0010 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0546) against the same month in 2022 (average: 0.0520), the exchange rate shifted by +0.0026 (+5.05%).

2023 Avg (January) 0.0546

2022 Avg (January) 0.0520

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0552	0.0528	0.0546
February	0.0548	0.0525	0.0537
March	0.0542	0.0526	0.0531
April	0.0529	0.0516	0.0521
May	0.0535	0.0519	0.0527
June	0.0527	0.0503	0.0517
July	0.0519	0.0502	0.0511
August	0.0518	0.0507	0.0512
September	0.0518	0.0506	0.0512
October	0.0513	0.0500	0.0507
November	0.0515	0.0505	0.0510
December	0.0518	0.0507	0.0513