2023 XCD to BGN Historical Review

YEARLY HIGH

0.6915 BGN

YEARLY LOW

0.6434 BGN

YEARLY AVERAGE

0.6691 BGN

2023 XCD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XCD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.6915. Conversely, the yearly low was recorded on July 16, dropping to 0.6434.

This high-to-low spread represents a total annual volatility of 0.0481 BGN. From a start-to-finish perspective, comparing the January average rate of 0.6712 to the December average rate of 0.6628, the exchange rate registered a net change of -1.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6915 was down 8.41% compared to the 2022 peak of 0.7550, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,458 BGN

2022 Average 3,442 BGN

Yearly Trough Low 3,217 BGN

Transaction Impact: A difference of 240.56 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6880

0.6515

JanuMarcMayJulySeptNove

XCD 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 0.6694, compared to 0.6688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.6694

H2 Avg (Jul–Dec) 0.6688

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0260 BGN (High: 0.6841 / Low: 0.6582). On the other end, April was the most stable month, with a tight range of 0.0104 BGN (High: 0.6649 / Low: 0.6544).

November Spread (Volatile) ±0.0260

April Spread (Stable) ±0.0104

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 0.0162 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0162

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.6850) against the same month in 2022 (average: 0.7359), the exchange rate shifted by -0.0509 (-6.91%).

2023 Avg (October) 0.6850

2022 Avg (October) 0.7359

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6877	0.6635	0.6712
February	0.6861	0.6634	0.6765
March	0.6860	0.6643	0.6757
April	0.6649	0.6544	0.6595
May	0.6769	0.6537	0.6660
June	0.6766	0.6587	0.6675
July	0.6666	0.6434	0.6545
August	0.6704	0.6570	0.6634
September	0.6889	0.6700	0.6779
October	0.6915	0.6784	0.6850
November	0.6841	0.6582	0.6690
December	0.6727	0.6518	0.6628