2023 TWD to BGN Historical Review

YEARLY HIGH

0.0608 BGN

YEARLY LOW

0.0560 BGN

YEARLY AVERAGE

0.0581 BGN

2023 TWD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.0608. Conversely, the yearly low was recorded on August 13, dropping to 0.0560.

This high-to-low spread represents a total annual volatility of 0.0048 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0597 to the December average rate of 0.0574, the exchange rate registered a net change of -3.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0608 was down 6.90% compared to the 2022 peak of 0.0653, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 304 BGN

2022 Average 312 BGN

Yearly Trough Low 280 BGN

Transaction Impact: A difference of 24.16 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0608

0.0559

JanuMarcMayJulySeptNove

TWD 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 0.0592, compared to 0.0569 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.0592

H2 Avg (Jul–Dec) 0.0569

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0021 BGN (High: 0.0596 / Low: 0.0575). On the other end, February was the most stable month, with a tight range of 0.0007 BGN (High: 0.0608 / Low: 0.0601).

June Spread (Volatile) ±0.0021

February Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between August and October, 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 June and July, when the average rate fell by 0.0018 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0604) against the same month in 2022 (average: 0.0619), the exchange rate shifted by -0.0015 (-2.36%).

2023 Avg (February) 0.0604

2022 Avg (February) 0.0619

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0605	0.0593	0.0597
February	0.0608	0.0601	0.0604
March	0.0604	0.0588	0.0598
April	0.0589	0.0575	0.0583
May	0.0597	0.0576	0.0586
June	0.0596	0.0575	0.0585
July	0.0578	0.0561	0.0567
August	0.0569	0.0560	0.0564
September	0.0577	0.0568	0.0572
October	0.0578	0.0568	0.0573
November	0.0572	0.0560	0.0567
December	0.0578	0.0569	0.0574