2024 BGN to ETB Historical Review

YEARLY HIGH

68.6262 ETB

YEARLY LOW

30.8707 ETB

YEARLY AVERAGE

45.5201 ETB

2024 BGN to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 68.6262. Conversely, the yearly low was recorded on April 20, dropping to 30.8707.

This high-to-low spread represents a total annual volatility of 37.7555 ETB. From a start-to-finish perspective, comparing the January average rate of 31.4710 to the December average rate of 67.8168, the exchange rate registered a net change of 115.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 68.6262 was up 114.94% compared to the 2023 peak of 31.9282, 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 343,131 ETB

2023 Average 151,429 ETB

Yearly Trough Low 154,354 ETB

Transaction Impact: A difference of 188,777.58 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

71.4783

27.5399

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 31.4651, compared to 59.5751 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 28.1100 points.

H1 Avg (Jan–Jun) 31.4651

H2 Avg (Jul–Dec) 59.5751

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 20.9934 ETB (High: 64.4714 / Low: 43.4779). On the other end, March was the most stable month, with a tight range of 0.5489 ETB (High: 31.7833 / Low: 31.2344).

August Spread (Volatile) ±20.9934

March Spread (Stable) ±0.5489

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.4462 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.4462

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 67.8168) against the same month in 2023 (average: 31.3559), the exchange rate shifted by +36.4609 (+116.28%).

2024 Avg (December) 67.8168

2023 Avg (December) 31.3559

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.8777	31.1129	31.4710
February	31.5021	30.9008	31.2485
March	31.7833	31.2344	31.5318
April	31.6000	30.8707	31.2015
May	31.9652	31.2093	31.6934
June	32.0001	31.2842	31.6445
July	41.7450	31.5231	32.3214
August	64.4714	43.4779	58.0445
September	68.4238	62.4623	65.5907
October	68.2330	65.8424	67.0618
November	68.3220	65.2119	66.6156
December	68.6262	66.2391	67.8168