2024 BGN to GNF Historical Review

YEARLY HIGH

4941.4149 GNF

YEARLY LOW

4579.6613 GNF

YEARLY AVERAGE

4764.7606 GNF

2024 BGN to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 4941.4149. Conversely, the yearly low was recorded on December 19, dropping to 4579.6613.

This high-to-low spread represents a total annual volatility of 361.7536 GNF. From a start-to-finish perspective, comparing the January average rate of 4793.9024 to the December average rate of 4621.7811, the exchange rate registered a net change of -3.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 4941.4149 was down 0.18% compared to the 2023 peak of 4950.3926, 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 24,707,075 GNF

2023 Average 23,838,877 GNF

Yearly Trough Low 22,898,307 GNF

Transaction Impact: A difference of 1,808,768.06 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4936.2888

4593.1894

JanuMarcMayJulySeptNove

BGN to GNF 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 4752.2706, compared to 4777.2506 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.9800 points.

H1 Avg (Jan–Jun) 4752.2706

H2 Avg (Jul–Dec) 4777.2506

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 227.8974 GNF (High: 4819.5056 / Low: 4591.6082). On the other end, February was the most stable month, with a tight range of 75.0024 GNF (High: 4786.9608 / Low: 4711.9584).

November Spread (Volatile) ±227.8974

February Spread (Stable) ±75.0024

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 October and November, when the average rate fell by 124.6448 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -124.6448

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 4907.6972) against the same month in 2023 (average: 4697.1558), the exchange rate shifted by +210.5414 (+4.48%).

2024 Avg (September) 4907.6972

2023 Avg (September) 4697.1558

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4867.0175	4754.4296	4793.9024
February	4786.9608	4711.9584	4747.3061
March	4814.0301	4734.8900	4776.1365
April	4770.5628	4666.1182	4710.6295
May	4782.0781	4689.1639	4750.6530
June	4791.7622	4699.6141	4734.9960
July	4811.8002	4721.1243	4776.8029
August	4938.9936	4752.7107	4857.1252
September	4941.4149	4865.6885	4907.6972
October	4909.7097	4753.2580	4812.3710
November	4819.5056	4591.6082	4687.7262
December	4667.6615	4579.6613	4621.7811