2011 BGN to ETB Historical Review

YEARLY HIGH

12.8049 ETB

YEARLY LOW

8.3955 ETB

YEARLY AVERAGE

11.3360 ETB

2011 BGN to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BGN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 12.8049. Conversely, the yearly low was recorded on January 10, dropping to 8.3955.

This high-to-low spread represents a total annual volatility of 4.4094 ETB. From a start-to-finish perspective, comparing the January average rate of 8.6977 to the December average rate of 11.6169, the exchange rate registered a net change of 33.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 12.8049 was up 38.83% compared to the 2010 peak of 9.2233, 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 64,025 ETB

2010 Average 39,413 ETB

Yearly Trough Low 41,978 ETB

Transaction Impact: A difference of 22,046.99 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

12.8745

8.3180

JanuMarcMayJulySeptNove

BGN to ETB 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 10.5942, compared to 12.0778 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4836 points.

H1 Avg (Jan–Jun) 10.5942

H2 Avg (Jul–Dec) 12.0778

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 3.5326 ETB (High: 12.7874 / Low: 9.2549). On the other end, February was the most stable month, with a tight range of 0.2685 ETB (High: 9.0340 / Low: 8.7655).

April Spread (Volatile) ±3.5326

February Spread (Stable) ±0.2685

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.4475 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.4475

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 12.3589) against the same month in 2010 (average: 7.2251), the exchange rate shifted by +5.1338 (+71.06%).

2011 Avg (May) 12.3589

2010 Avg (May) 7.2251

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8.9363	8.3955	8.6977
February	9.0340	8.7655	8.8987
March	9.2960	8.9990	9.1494
April	12.7874	9.2549	12.0296
May	12.8049	12.1142	12.3589
June	12.6364	12.1830	12.4309
July	12.6192	12.1247	12.4023
August	12.6431	12.3113	12.4948
September	12.4692	11.7454	12.0473
October	12.4062	11.5324	12.0080
November	12.0987	11.6202	11.8978
December	11.8825	11.3725	11.6169