2018 AZN to BGN Historical Review

YEARLY HIGH

1.0233 BGN

YEARLY LOW

0.9197 BGN

YEARLY AVERAGE

0.9748 BGN

2018 AZN to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the AZN to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 1.0233. Conversely, the yearly low was recorded on February 1, dropping to 0.9197.

This high-to-low spread represents a total annual volatility of 0.1036 BGN. From a start-to-finish perspective, comparing the January average rate of 0.9474 to the December average rate of 1.0099, the exchange rate registered a net change of 6.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.0233 was down 7.63% compared to the 2017 peak of 1.1078, 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 5,116 BGN

2017 Average 5,042 BGN

Yearly Trough Low 4,598 BGN

Transaction Impact: A difference of 518.06 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.0185

0.9280

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 0.9520, compared to 0.9976 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0456 points.

H1 Avg (Jan–Jun) 0.9520

H2 Avg (Jul–Dec) 0.9976

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.0402 BGN (High: 0.9686 / Low: 0.9285). On the other end, July was the most stable month, with a tight range of 0.0107 BGN (High: 0.9879 / Low: 0.9772).

January Spread (Volatile) ±0.0402

July Spread (Stable) ±0.0107

Growth Streaks & Declines

Trends

Between March and June, 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 January and February, when the average rate fell by 0.0098 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0098

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 1.0109) against the same month in 2017 (average: 0.9804), the exchange rate shifted by +0.0306 (+3.12%).

2018 Avg (November) 1.0109

2017 Avg (November) 0.9804

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9686	0.9285	0.9474
February	0.9501	0.9197	0.9375
March	0.9453	0.9224	0.9355
April	0.9510	0.9269	0.9362
May	0.9943	0.9584	0.9714
June	0.9927	0.9727	0.9840
July	0.9879	0.9772	0.9827
August	1.0127	0.9808	0.9958
September	0.9942	0.9760	0.9861
October	1.0153	0.9909	1.0002
November	1.0233	1.0027	1.0109
December	1.0164	1.0027	1.0099