2012 AZN to BGN Historical Review

YEARLY HIGH

2.0604 BGN

YEARLY LOW

1.8547 BGN

YEARLY AVERAGE

1.9391 BGN

2012 AZN to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the AZN to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 24, valuing the pair at 2.0604. Conversely, the yearly low was recorded on February 28, dropping to 1.8547.

This high-to-low spread represents a total annual volatility of 0.2057 BGN. From a start-to-finish perspective, comparing the January average rate of 1.9304 to the December average rate of 1.9006, the exchange rate registered a net change of -1.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.0604 was up 6.66% compared to the 2011 peak of 1.9317, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,302 BGN

2011 Average 8,912 BGN

Yearly Trough Low 9,273 BGN

Transaction Impact: A difference of 1,028.58 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.0409

1.8696

JanuMarcMayJulySeptNove

AZN 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 1.9216, compared to 1.9567 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0351 points.

H1 Avg (Jan–Jun) 1.9216

H2 Avg (Jul–Dec) 1.9567

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.1234 BGN (High: 2.0093 / Low: 1.8858). On the other end, October was the most stable month, with a tight range of 0.0336 BGN (High: 1.9349 / Low: 1.9013).

May Spread (Volatile) ±0.1234

October Spread (Stable) ±0.0336

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0721 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0721

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 2.0267) against the same month in 2011 (average: 1.7426), the exchange rate shifted by +0.2840 (+16.30%).

2012 Avg (July) 2.0267

2011 Avg (July) 1.7426

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9654	1.8899	1.9304
February	1.9184	1.8547	1.8839
March	1.9069	1.8661	1.8866
April	1.9081	1.8687	1.8926
May	2.0093	1.8858	1.9444
June	2.0228	1.9679	1.9917
July	2.0604	1.9750	2.0267
August	2.0306	1.9782	2.0104
September	1.9825	1.9005	1.9384
October	1.9349	1.9013	1.9206
November	1.9625	1.9194	1.9433
December	1.9281	1.8799	1.9006