2024 BGN to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BGN to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BGN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 41.5442. Conversely, the yearly low was recorded on November 22, dropping to 35.9475.
This high-to-low spread represents a total annual volatility of 5.5967 AFN. From a start-to-finish perspective, comparing the January average rate of 39.8966 to the December average rate of 37.1758, the exchange rate registered a net change of -6.82% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 41.5442 was down 19.07% compared to the 2023 peak of 51.3324, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BGN to AFN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 39.6985, compared to 38.3295 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3689 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 2.7560 AFN (High: 38.8016 / Low: 36.0456). On the other end, July was the most stable month, with a tight range of 0.6268 AFN (High: 39.5006 / Low: 38.8738).
Growth Streaks & Declines
TrendsBetween June and August, 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 September and October, when the average rate fell by 2.0961 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 40.3787) against the same month in 2023 (average: 49.0429), the exchange rate shifted by -8.6642 (-17.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 41.1366 | 39.0878 | 39.8966 |
| February | 41.5442 | 39.7675 | 40.3787 |
| March | 40.6776 | 39.2758 | 40.1189 |
| April | 39.9287 | 38.8434 | 39.3612 |
| May | 40.0728 | 39.0852 | 39.6229 |
| June | 39.7767 | 38.3017 | 38.8126 |
| July | 39.5006 | 38.8738 | 39.2637 |
| August | 40.6065 | 39.1608 | 39.9041 |
| September | 40.1604 | 38.8162 | 39.4776 |
| October | 38.8016 | 36.0456 | 37.3815 |
| November | 37.5936 | 35.9475 | 36.7747 |
| December | 37.6852 | 36.3324 | 37.1758 |