2024 BGN to IDR Historical Review

YEARLY HIGH

9085.8735 IDR

YEARLY LOW

8488.0350 IDR

YEARLY AVERAGE

8776.5181 IDR

2024 BGN to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 9085.8735. Conversely, the yearly low was recorded on November 24, dropping to 8488.0350.

This high-to-low spread represents a total annual volatility of 597.8385 IDR. From a start-to-finish perspective, comparing the January average rate of 8712.3680 to the December average rate of 8603.3539, the exchange rate registered a net change of -1.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 9085.8735 was up 3.89% compared to the 2023 peak of 8745.5716, 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 45,429,368 IDR

2023 Average 42,153,086 IDR

Yearly Trough Low 42,440,175 IDR

Transaction Impact: A difference of 2,989,192.44 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

9057.5089

8562.0670

JanuMarcMayJulySeptNove

BGN to IDR 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 8801.2995, compared to 8751.7367 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 49.5629 points.

H1 Avg (Jan–Jun) 8801.2995

H2 Avg (Jul–Dec) 8751.7367

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 330.8372 IDR (High: 8818.8722 / Low: 8488.0350). On the other end, January was the most stable month, with a tight range of 99.6073 IDR (High: 8773.2798 / Low: 8673.6725).

November Spread (Volatile) ±330.8372

January Spread (Stable) ±99.6073

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 172.1140 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -172.1140

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 8880.2163) against the same month in 2023 (average: 8514.7412), the exchange rate shifted by +365.4751 (+4.29%).

2024 Avg (August) 8880.2163

2023 Avg (August) 8514.7412

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8773.2798	8673.6725	8712.3680
February	8747.2559	8582.9901	8644.0010
March	8802.5648	8673.1662	8735.0063
April	8900.4765	8735.7343	8831.5359
May	9014.5852	8790.8682	8880.8205
June	9072.4996	8946.4023	9004.0655
July	9066.8695	8952.0317	9016.2221
August	9085.8735	8768.1762	8880.2163
September	8803.2874	8634.3658	8708.1023
October	8839.5128	8598.5152	8695.3877
November	8818.8722	8488.0350	8607.1378
December	8659.1920	8549.9722	8603.3539