2018 BGN to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 BGN to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the BGN to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 30.9467. Conversely, the yearly low was recorded on May 29, dropping to 27.8567.
This high-to-low spread represents a total annual volatility of 3.0900 GMD. From a start-to-finish perspective, comparing the January average rate of 29.9449 to the December average rate of 28.7713, the exchange rate registered a net change of -3.92% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 30.9467 was up 5.79% compared to the 2017 peak of 29.2536, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
BGN to GMD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 29.3333, compared to 28.7378 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5955 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was January, with a trading range of 1.8325 GMD (High: 30.9467 / Low: 29.1141). On the other end, December was the most stable month, with a tight range of 0.3168 GMD (High: 28.9521 / Low: 28.6353).
Growth Streaks & Declines
TrendsBetween August and October, 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 April and May, when the average rate fell by 1.1132 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2018: 29.9449) against the same month in 2017 (average: 23.6660), the exchange rate shifted by +6.2789 (+26.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 30.9467 | 29.1141 | 29.9449 |
| February | 30.6504 | 29.4384 | 29.8944 |
| March | 30.1707 | 29.5759 | 29.8280 |
| April | 29.8915 | 29.1164 | 29.6353 |
| May | 28.9159 | 27.8567 | 28.5221 |
| June | 28.5003 | 27.8915 | 28.1752 |
| July | 28.8208 | 28.0675 | 28.5127 |
| August | 28.7608 | 27.9241 | 28.3783 |
| September | 29.5128 | 28.3804 | 28.9149 |
| October | 29.3222 | 28.6085 | 29.0609 |
| November | 29.0068 | 28.4564 | 28.7887 |
| December | 28.9521 | 28.6353 | 28.7713 |