2017 BGN to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 BGN to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the BGN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 21872.4504. Conversely, the yearly low was recorded on January 3, dropping to 16008.5619.
This high-to-low spread represents a total annual volatility of 5863.8885 IRR. From a start-to-finish perspective, comparing the January average rate of 17238.0309 to the December average rate of 21347.9236, the exchange rate registered a net change of 23.84% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 21872.4504 was up 22.85% compared to the 2016 peak of 17803.4828, 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 2017.
BGN to IRR 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 17893.5455, compared to 20326.0607 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2432.5152 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was January, with a trading range of 1860.2913 IRR (High: 17868.8531 / Low: 16008.5619). On the other end, February was the most stable month, with a tight range of 371.3652 IRR (High: 17847.5865 / Low: 17476.2212).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 21347.9236) against the same month in 2016 (average: 16204.2186), the exchange rate shifted by +5143.7050 (+31.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 17868.8531 | 16008.5619 | 17238.0309 |
| February | 17847.5865 | 17476.2212 | 17630.9647 |
| March | 18010.0982 | 17422.2177 | 17727.4763 |
| April | 18133.6086 | 17560.3839 | 17766.6219 |
| May | 18649.0869 | 18027.3352 | 18356.5999 |
| June | 18991.4103 | 18482.6903 | 18641.5794 |
| July | 19796.8053 | 18866.5328 | 19231.9337 |
| August | 20160.5113 | 19699.3137 | 19856.3143 |
| September | 20475.9764 | 20089.4640 | 20297.3970 |
| October | 20735.9360 | 20101.4765 | 20387.4144 |
| November | 21207.5500 | 20512.3036 | 20835.3812 |
| December | 21872.4504 | 21021.9997 | 21347.9236 |