2024 BGN to DJF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BGN to DJF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BGN to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 101.9031. Conversely, the yearly low was recorded on December 19, dropping to 94.2479.
This high-to-low spread represents a total annual volatility of 7.6552 DJF. From a start-to-finish perspective, comparing the January average rate of 99.2307 to the December average rate of 95.2452, the exchange rate registered a net change of -4.02% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 101.9031 was down 0.23% compared to the 2023 peak of 102.1370, 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 DJF 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 98.2991, compared to 98.4655 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1664 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 4.7717 DJF (High: 99.3003 / Low: 94.5285). On the other end, March was the most stable month, with a tight range of 1.4652 DJF (High: 99.5603 / Low: 98.0950).
Growth Streaks & Declines
TrendsBetween 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 2.4424 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 101.0563) against the same month in 2023 (average: 97.1760), the exchange rate shifted by +3.8802 (+3.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 100.3755 | 98.3804 | 99.2307 |
| February | 99.0847 | 97.4140 | 98.1971 |
| March | 99.5603 | 98.0950 | 98.7969 |
| April | 98.7104 | 96.5523 | 97.4960 |
| May | 99.0508 | 96.9272 | 98.2275 |
| June | 99.1257 | 96.7787 | 97.8465 |
| July | 99.4028 | 97.4418 | 98.6678 |
| August | 101.6508 | 98.0639 | 100.1013 |
| September | 101.9031 | 100.0826 | 101.0563 |
| October | 100.6064 | 97.9461 | 99.0825 |
| November | 99.3003 | 94.5285 | 96.6401 |
| December | 96.3953 | 94.2479 | 95.2452 |