2024 BGN to GMD Historical Review

YEARLY HIGH

40.6003 GMD

YEARLY LOW

36.8424 GMD

YEARLY AVERAGE

38.0674 GMD

2024 BGN to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 40.6003. Conversely, the yearly low was recorded on April 15, dropping to 36.8424.

This high-to-low spread represents a total annual volatility of 3.7579 GMD. From a start-to-finish perspective, comparing the January average rate of 37.5319 to the December average rate of 38.4553, the exchange rate registered a net change of 2.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 40.6003 was up 6.15% compared to the 2023 peak of 38.2467, 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 203,002 GMD

2023 Average 172,302 GMD

Yearly Trough Low 184,212 GMD

Transaction Impact: A difference of 18,789.61 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

39.7405

37.0003

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 37.4299, compared to 38.7049 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2749 points.

H1 Avg (Jan–Jun) 37.4299

H2 Avg (Jul–Dec) 38.7049

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 2.5360 GMD (High: 40.6003 / Low: 38.0643). On the other end, March was the most stable month, with a tight range of 0.5826 GMD (High: 38.0364 / Low: 37.4538).

August Spread (Volatile) ±2.5360

March Spread (Stable) ±0.5826

Growth Streaks & Declines

Trends

Between June and September, 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 September and October, when the average rate fell by 0.9143 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.9143

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 39.3645) against the same month in 2023 (average: 33.7906), the exchange rate shifted by +5.5739 (+16.50%).

2024 Avg (August) 39.3645

2023 Avg (August) 33.7906

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.0082	37.3155	37.5319
February	37.6565	37.0141	37.3063
March	38.0364	37.4538	37.7563
April	37.7530	36.8424	37.2287
May	37.8113	36.9623	37.4661
June	37.7725	36.9990	37.2904
July	38.4657	37.1926	37.6366
August	40.6003	38.0643	39.3645
September	40.1654	38.9061	39.5121
October	39.5398	37.8946	38.5978
November	39.9408	37.8114	38.6630
December	38.8516	38.1181	38.4553