2024 BGN to CVE Historical Review

YEARLY HIGH

57.2277 CVE

YEARLY LOW

55.4194 CVE

YEARLY AVERAGE

56.4260 CVE

2024 BGN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on August 3, valuing the pair at 57.2277. Conversely, the yearly low was recorded on April 12, dropping to 55.4194.

This high-to-low spread represents a total annual volatility of 1.8083 CVE. From a start-to-finish perspective, comparing the January average rate of 56.4092 to the December average rate of 56.3547, the exchange rate registered a net change of -0.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 57.2277 was down 1.42% compared to the 2023 peak of 58.0537, 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 286,138 CVE

2023 Average 282,313 CVE

Yearly Trough Low 277,097 CVE

Transaction Impact: A difference of 9,041.54 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

56.5623

56.3047

JanuMarcMayJulySeptNove

BGN to CVE 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 56.4222, compared to 56.4298 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0076 points.

H1 Avg (Jan–Jun) 56.4222

H2 Avg (Jul–Dec) 56.4298

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 1.3000 CVE (High: 56.7194 / Low: 55.4194). On the other end, September was the most stable month, with a tight range of 0.4252 CVE (High: 56.7242 / Low: 56.2989).

April Spread (Volatile) ±1.3000

September Spread (Stable) ±0.4252

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.1164 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1164

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 56.5409) against the same month in 2023 (average: 56.3930), the exchange rate shifted by +0.1479 (+0.26%).

2024 Avg (August) 56.5409

2023 Avg (August) 56.3930

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	56.7867	56.1601	56.4092
February	56.7652	56.0654	56.4400
March	56.8059	56.0956	56.4426
April	56.7194	55.4194	56.3262
May	57.0817	56.1948	56.4775
June	56.6951	56.1782	56.4380
July	56.8245	56.2213	56.4287
August	57.2277	56.3333	56.5409
September	56.7242	56.2989	56.4485
October	56.6379	56.1926	56.4328
November	56.8067	55.6096	56.3735
December	56.7086	55.8170	56.3547