2019 BGN to ETB Historical Review

YEARLY HIGH

18.3310 ETB

YEARLY LOW

16.2653 ETB

YEARLY AVERAGE

16.7150 ETB

2019 BGN to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the BGN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 18.3310. Conversely, the yearly low was recorded on March 7, dropping to 16.2653.

This high-to-low spread represents a total annual volatility of 2.0658 ETB. From a start-to-finish perspective, comparing the January average rate of 16.5546 to the December average rate of 17.8876, the exchange rate registered a net change of 8.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 18.3310 was up 3.99% compared to the 2018 peak of 17.6278, 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 91,655 ETB

2018 Average 83,524 ETB

Yearly Trough Low 81,326 ETB

Transaction Impact: A difference of 10,328.78 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

18.0275

16.3489

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 16.5554, compared to 16.8745 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3191 points.

H1 Avg (Jan–Jun) 16.5554

H2 Avg (Jul–Dec) 16.8745

Volatility Range Comparison

Volatility

The most volatile month in 2019 was December, with a trading range of 1.1097 ETB (High: 18.3310 / Low: 17.2213). On the other end, February was the most stable month, with a tight range of 0.2715 ETB (High: 16.6787 / Low: 16.4072).

December Spread (Volatile) ±1.1097

February Spread (Stable) ±0.2715

Growth Streaks & Declines

Trends

Between September and December, 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 June and July, when the average rate fell by 0.1045 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 17.8876) against the same month in 2018 (average: 16.4004), the exchange rate shifted by +1.4872 (+9.07%).

2019 Avg (December) 17.8876

2018 Avg (December) 16.4004

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.7603	16.3150	16.5546
February	16.6787	16.4072	16.5233
March	16.6027	16.2653	16.4888
April	16.6968	16.3360	16.5269
May	16.6656	16.3869	16.5258
June	16.9025	16.4410	16.7130
July	16.8496	16.3518	16.6085
August	16.7597	16.4303	16.5908
September	16.6527	16.3465	16.5432
October	16.9488	16.2962	16.7090
November	17.2375	16.6289	16.9080
December	18.3310	17.2213	17.8876