2024 BGN to AZN Historical Review

YEARLY HIGH

0.9735 AZN

YEARLY LOW

0.9010 AZN

YEARLY AVERAGE

0.9406 AZN

2024 BGN to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.9735. Conversely, the yearly low was recorded on December 19, dropping to 0.9010.

This high-to-low spread represents a total annual volatility of 0.0725 AZN. From a start-to-finish perspective, comparing the January average rate of 0.9484 to the December average rate of 0.9104, the exchange rate registered a net change of -4.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9735 was down 0.42% compared to the 2023 peak of 0.9776, 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 4,868 AZN

2023 Average 4,702 AZN

Yearly Trough Low 4,505 AZN

Transaction Impact: A difference of 362.74 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9711

0.9048

JanuMarcMayJulySeptNove

BGN to AZN 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 0.9399, compared to 0.9414 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.9399

H2 Avg (Jul–Dec) 0.9414

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0443 AZN (High: 0.9496 / Low: 0.9053). On the other end, March was the most stable month, with a tight range of 0.0128 AZN (High: 0.9516 / Low: 0.9388).

November Spread (Volatile) ±0.0443

March Spread (Stable) ±0.0128

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 0.0234 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0234

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.9582) against the same month in 2023 (average: 0.9482), the exchange rate shifted by +0.0100 (+1.05%).

2024 Avg (August) 0.9582

2023 Avg (August) 0.9482

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9596	0.9408	0.9484
February	0.9452	0.9316	0.9382
March	0.9516	0.9388	0.9452
April	0.9449	0.9234	0.9323
May	0.9467	0.9275	0.9398
June	0.9474	0.9284	0.9355
July	0.9500	0.9332	0.9433
August	0.9735	0.9378	0.9582
September	0.9720	0.9571	0.9656
October	0.9621	0.9367	0.9471
November	0.9496	0.9053	0.9238
December	0.9201	0.9010	0.9104