2021 AZN to BGN Historical Review

YEARLY HIGH

1.0264 BGN

YEARLY LOW

0.9327 BGN

YEARLY AVERAGE

0.9725 BGN

2021 AZN to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the AZN to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 1.0264. Conversely, the yearly low was recorded on January 6, dropping to 0.9327.

This high-to-low spread represents a total annual volatility of 0.0937 BGN. From a start-to-finish perspective, comparing the January average rate of 0.9447 to the December average rate of 1.0178, the exchange rate registered a net change of 7.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.0264 was down 4.65% compared to the 2020 peak of 1.0765, 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 5,132 BGN

2020 Average 5,039 BGN

Yearly Trough Low 4,664 BGN

Transaction Impact: A difference of 468.63 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.0251

0.9374

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 0.9544, compared to 0.9905 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0361 points.

H1 Avg (Jan–Jun) 0.9544

H2 Avg (Jul–Dec) 0.9905

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0353 BGN (High: 1.0264 / Low: 0.9911). On the other end, July was the most stable month, with a tight range of 0.0086 BGN (High: 0.9769 / Low: 0.9683).

November Spread (Volatile) ±0.0353

July Spread (Stable) ±0.0086

Growth Streaks & Declines

Trends

Between May and August, 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 April and May, when the average rate fell by 0.0149 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0149

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 1.0081) against the same month in 2020 (average: 0.9700), the exchange rate shifted by +0.0382 (+3.94%).

2021 Avg (November) 1.0081

2020 Avg (November) 0.9700

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9530	0.9327	0.9447
February	0.9601	0.9442	0.9506
March	0.9824	0.9516	0.9667
April	0.9785	0.9495	0.9618
May	0.9577	0.9386	0.9469
June	0.9704	0.9404	0.9556
July	0.9769	0.9683	0.9723
August	0.9850	0.9685	0.9772
September	0.9930	0.9675	0.9762
October	0.9975	0.9846	0.9916
November	1.0264	0.9911	1.0081
December	1.0229	1.0132	1.0178