2024 BGN to ARS Historical Review

YEARLY HIGH

554.5903 ARS

YEARLY LOW

452.6620 ARS

YEARLY AVERAGE

506.1280 ARS

2024 BGN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 554.5903. Conversely, the yearly low was recorded on January 3, dropping to 452.6620.

This high-to-low spread represents a total annual volatility of 101.9283 ARS. From a start-to-finish perspective, comparing the January average rate of 456.0570 to the December average rate of 546.1301, the exchange rate registered a net change of 19.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 554.5903 was up 21.00% compared to the 2023 peak of 458.3521, 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 2,772,952 ARS

2023 Average 819,806 ARS

Yearly Trough Low 2,263,310 ARS

Transaction Impact: A difference of 509,641.72 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

555.1374

447.0497

JanuMarcMayJulySeptNove

BGN to ARS 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 475.2760, compared to 536.9801 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 61.7041 points.

H1 Avg (Jan–Jun) 475.2760

H2 Avg (Jul–Dec) 536.9801

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 28.5367 ARS (High: 542.5385 / Low: 514.0018). On the other end, January was the most stable month, with a tight range of 5.7482 ARS (High: 458.4102 / Low: 452.6620).

August Spread (Volatile) ±28.5367

January Spread (Stable) ±5.7482

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 2.6014 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -2.6014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 542.9668) against the same month in 2023 (average: 195.4065), the exchange rate shifted by +347.5603 (+177.87%).

2024 Avg (November) 542.9668

2023 Avg (November) 195.4065

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	458.4102	452.6620	456.0570
February	466.7251	455.2893	460.3182
March	475.9272	466.5882	472.7230
April	480.4714	470.7947	475.8191
May	496.1069	476.1803	489.5253
June	501.8118	493.8210	497.2132
July	516.0404	501.4425	511.5874
August	542.5385	514.0018	530.1867
September	552.7159	538.4285	545.4412
October	551.1568	542.3453	545.5683
November	554.5903	531.6817	542.9668
December	549.1915	541.6440	546.1301