2024 BGN to AED Historical Review

YEARLY HIGH

2.1034 AED

YEARLY LOW

1.9467 AED

YEARLY AVERAGE

2.0322 AED

2024 BGN to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 2.1034. Conversely, the yearly low was recorded on December 19, dropping to 1.9467.

This high-to-low spread represents a total annual volatility of 0.1567 AED. From a start-to-finish perspective, comparing the January average rate of 2.0486 to the December average rate of 1.9669, the exchange rate registered a net change of -3.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1034 was down 0.42% compared to the 2023 peak of 2.1123, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,517 AED

2023 Average 10,159 AED

Yearly Trough Low 9,733 AED

Transaction Impact: A difference of 783.57 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.0981

1.9550

JanuMarcMayJulySeptNove

BGN to AED 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 2.0304, compared to 2.0339 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0035 points.

H1 Avg (Jan–Jun) 2.0304

H2 Avg (Jul–Dec) 2.0339

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0957 AED (High: 2.0518 / Low: 1.9561). On the other end, February was the most stable month, with a tight range of 0.0293 AED (High: 2.0421 / Low: 2.0128).

November Spread (Volatile) ±0.0957

February Spread (Stable) ±0.0293

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.0505 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0505

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 2.0702) against the same month in 2023 (average: 2.0487), the exchange rate shifted by +0.0215 (+1.05%).

2024 Avg (August) 2.0702

2023 Avg (August) 2.0487

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0731	2.0328	2.0486
February	2.0421	2.0128	2.0269
March	2.0561	2.0257	2.0413
April	2.0411	1.9947	2.0138
May	2.0454	2.0038	2.0305
June	2.0470	2.0059	2.0212
July	2.0526	2.0164	2.0380
August	2.1034	2.0262	2.0702
September	2.1001	2.0679	2.0862
October	2.0788	2.0238	2.0463
November	2.0518	1.9561	1.9958
December	1.9880	1.9467	1.9669