2023 UAH to BGN Historical Review

YEARLY HIGH

0.0512 BGN

YEARLY LOW

0.0462 BGN

YEARLY AVERAGE

0.0491 BGN

2023 UAH to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UAH to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 13, valuing the pair at 0.0512. Conversely, the yearly low was recorded on December 28, dropping to 0.0462.

This high-to-low spread represents a total annual volatility of 0.0050 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0493 to the December average rate of 0.0482, the exchange rate registered a net change of -2.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0512 was down 22.56% compared to the 2022 peak of 0.0661, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 256 BGN

2022 Average 288 BGN

Yearly Trough Low 231 BGN

Transaction Impact: A difference of 24.82 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0510

0.0477

JanuMarcMayJulySeptNove

UAH 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 0.0491, compared to 0.0492 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0491

H2 Avg (Jul–Dec) 0.0492

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0033 BGN (High: 0.0495 / Low: 0.0462). On the other end, August was the most stable month, with a tight range of 0.0010 BGN (High: 0.0491 / Low: 0.0481).

December Spread (Volatile) ±0.0033

August Spread (Stable) ±0.0010

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 November and December, when the average rate fell by 0.0019 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0507) against the same month in 2022 (average: 0.0539), the exchange rate shifted by -0.0032 (-5.88%).

2023 Avg (October) 0.0507

2022 Avg (October) 0.0539

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0505	0.0487	0.0493
February	0.0504	0.0485	0.0497
March	0.0503	0.0486	0.0496
April	0.0490	0.0479	0.0484
May	0.0497	0.0478	0.0488
June	0.0495	0.0482	0.0488
July	0.0488	0.0471	0.0480
August	0.0491	0.0481	0.0486
September	0.0504	0.0490	0.0496
October	0.0512	0.0499	0.0507
November	0.0509	0.0489	0.0501
December	0.0495	0.0462	0.0482