2014 AZN to BGN Historical Review

YEARLY HIGH

2.0571 BGN

YEARLY LOW

1.7930 BGN

YEARLY AVERAGE

1.8814 BGN

2014 AZN to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AZN to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.0571. Conversely, the yearly low was recorded on March 18, dropping to 1.7930.

This high-to-low spread represents a total annual volatility of 0.2641 BGN. From a start-to-finish perspective, comparing the January average rate of 1.8323 to the December average rate of 2.0264, the exchange rate registered a net change of 10.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.0571 was up 5.61% compared to the 2013 peak of 1.9479, 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 10,286 BGN

2013 Average 9,395 BGN

Yearly Trough Low 8,965 BGN

Transaction Impact: A difference of 1,320.65 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.0485

1.7834

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 1.8210, compared to 1.9418 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1208 points.

H1 Avg (Jan–Jun) 1.8210

H2 Avg (Jul–Dec) 1.9418

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0779 BGN (High: 1.9764 / Low: 1.8986). On the other end, June was the most stable month, with a tight range of 0.0196 BGN (High: 1.8446 / Low: 1.8250).

September Spread (Volatile) ±0.0779

June Spread (Stable) ±0.0196

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0228 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0228

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.0264) against the same month in 2013 (average: 1.8220), the exchange rate shifted by +0.2043 (+11.22%).

2014 Avg (December) 2.0264

2013 Avg (December) 1.8220

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8469	1.8119	1.8323
February	1.8502	1.8113	1.8283
March	1.8169	1.7930	1.8055
April	1.8216	1.7977	1.8073
May	1.8346	1.7939	1.8173
June	1.8446	1.8250	1.8354
July	1.8645	1.8249	1.8428
August	1.8991	1.8595	1.8744
September	1.9764	1.8986	1.9367
October	1.9923	1.9509	1.9698
November	2.0149	1.9903	2.0010
December	2.0571	1.9962	2.0264