2020 BGN to ETB Historical Review

YEARLY HIGH

24.7065 ETB

YEARLY LOW

17.6486 ETB

YEARLY AVERAGE

20.4380 ETB

2020 BGN to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the BGN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 24.7065. Conversely, the yearly low was recorded on February 20, dropping to 17.6486.

This high-to-low spread represents a total annual volatility of 7.0579 ETB. From a start-to-finish perspective, comparing the January average rate of 18.1993 to the December average rate of 24.0855, the exchange rate registered a net change of 32.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 24.7065 was up 34.78% compared to the 2019 peak of 18.3310, 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 123,533 ETB

2019 Average 83,585 ETB

Yearly Trough Low 88,243 ETB

Transaction Impact: A difference of 35,289.62 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

24.7019

17.3051

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 18.5897, compared to 22.2863 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.6966 points.

H1 Avg (Jan–Jun) 18.5897

H2 Avg (Jul–Dec) 22.2863

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 1.2665 ETB (High: 21.3147 / Low: 20.0482). On the other end, January was the most stable month, with a tight range of 0.4015 ETB (High: 18.3976 / Low: 17.9962).

July Spread (Volatile) ±1.2665

January Spread (Stable) ±0.4015

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2778 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.2778

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 24.0855) against the same month in 2019 (average: 17.8876), the exchange rate shifted by +6.1979 (+34.65%).

2020 Avg (December) 24.0855

2019 Avg (December) 17.8876

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.3976	17.9962	18.1993
February	18.2524	17.6486	17.9215
March	18.8771	17.8153	18.4318
April	18.6713	18.0656	18.3653
May	19.4214	18.3598	18.8265
June	20.1520	19.4882	19.7941
July	21.3147	20.0482	20.6143
August	22.0090	21.0991	21.6252
September	22.3132	21.7352	22.0688
October	22.7529	22.0399	22.3907
November	23.2856	22.4802	22.9335
December	24.7065	23.6021	24.0855