2015 AZN to BGN Historical Review

YEARLY HIGH

2.2349 BGN

YEARLY LOW

1.1441 BGN

YEARLY AVERAGE

1.7499 BGN

2015 AZN to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the AZN to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 2.2349. Conversely, the yearly low was recorded on December 28, dropping to 1.1441.

This high-to-low spread represents a total annual volatility of 1.0907 BGN. From a start-to-finish perspective, comparing the January average rate of 2.1460 to the December average rate of 1.5685, the exchange rate registered a net change of -26.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.2349 was up 8.64% compared to the 2014 peak of 2.0571, 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 11,174 BGN

2014 Average 9,409 BGN

Yearly Trough Low 5,721 BGN

Transaction Impact: A difference of 5,453.69 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

2.2037

1.5108

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 1.8338, compared to 1.6660 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1678 points.

H1 Avg (Jan–Jun) 1.8338

H2 Avg (Jul–Dec) 1.6660

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.6162 BGN (High: 1.7604 / Low: 1.1441). On the other end, July was the most stable month, with a tight range of 0.0453 BGN (High: 1.7171 / Low: 1.6718).

December Spread (Volatile) ±0.6162

July Spread (Stable) ±0.0453

Growth Streaks & Declines

Trends

Between September and November, 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 February and March, when the average rate fell by 0.3552 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3552

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 2.1460) against the same month in 2014 (average: 1.8323), the exchange rate shifted by +0.3136 (+17.12%).

2015 Avg (January) 2.1460

2014 Avg (January) 1.8323

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2349	2.0653	2.1460
February	2.2069	1.6425	2.0797
March	1.7792	1.6672	1.7245
April	1.7512	1.6675	1.7212
May	1.7085	1.6289	1.6698
June	1.7027	1.6424	1.6617
July	1.7171	1.6718	1.6923
August	1.7061	1.6120	1.6723
September	1.6752	1.6274	1.6573
October	1.7060	1.6310	1.6654
November	1.7658	1.6921	1.7403
December	1.7604	1.1441	1.5685