2024 BGN to GBP Historical Review

YEARLY HIGH

0.4435 GBP

YEARLY LOW

0.4205 GBP

YEARLY AVERAGE

0.4329 GBP

2024 BGN to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.4435. Conversely, the yearly low was recorded on December 11, dropping to 0.4205.

This high-to-low spread represents a total annual volatility of 0.0230 GBP. From a start-to-finish perspective, comparing the January average rate of 0.4389 to the December average rate of 0.4239, the exchange rate registered a net change of -3.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4435 was down 3.46% compared to the 2023 peak of 0.4594, 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 2,217 GBP

2023 Average 2,224 GBP

Yearly Trough Low 2,102 GBP

Transaction Impact: A difference of 115.12 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4404

0.4223

JanuMarcMayJulySeptNove

BGN to GBP 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 0.4370, compared to 0.4289 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0081 points.

H1 Avg (Jan–Jun) 0.4370

H2 Avg (Jul–Dec) 0.4289

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0099 GBP (High: 0.4402 / Low: 0.4304). On the other end, February was the most stable month, with a tight range of 0.0029 GBP (High: 0.4382 / Low: 0.4353).

August Spread (Volatile) ±0.0099

February Spread (Stable) ±0.0029

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0057 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.4389) against the same month in 2023 (average: 0.4503), the exchange rate shifted by -0.0114 (-2.54%).

2024 Avg (January) 0.4389

2023 Avg (January) 0.4503

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4435	0.4353	0.4389
February	0.4382	0.4353	0.4369
March	0.4408	0.4349	0.4374
April	0.4411	0.4363	0.4383
May	0.4404	0.4345	0.4375
June	0.4357	0.4305	0.4331
July	0.4341	0.4294	0.4311
August	0.4402	0.4304	0.4354
September	0.4321	0.4258	0.4296
October	0.4315	0.4250	0.4271
November	0.4306	0.4231	0.4262
December	0.4260	0.4205	0.4239