2018 BGN to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 BGN to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the BGN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 26234.9180. Conversely, the yearly low was recorded on January 1, dropping to 21864.1334.
This high-to-low spread represents a total annual volatility of 4370.7846 IRR. From a start-to-finish perspective, comparing the January average rate of 22485.7801 to the December average rate of 24577.0097, the exchange rate registered a net change of 9.30% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 26234.9180 was up 19.95% compared to the 2017 peak of 21872.4504, 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 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 23815.2058, compared to 25230.2504 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1415.0446 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was May, with a trading range of 2960.6002 IRR (High: 25683.6548 / Low: 22723.0545). On the other end, June was the most stable month, with a tight range of 395.8434 IRR (High: 25511.6827 / Low: 25115.8393).
Growth Streaks & Declines
TrendsBetween April and July, 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 741.2010 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2018: 25868.5236) against the same month in 2017 (average: 19231.9337), the exchange rate shifted by +6636.5899 (+34.51%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23459.3469 | 21864.1334 | 22485.7801 |
| February | 23655.2761 | 23139.0084 | 23405.1165 |
| March | 23923.5682 | 23374.0215 | 23641.0953 |
| April | 23776.3448 | 23131.9876 | 23539.7608 |
| May | 25683.6548 | 22723.0545 | 24529.6994 |
| June | 25511.6827 | 25115.8393 | 25289.7829 |
| July | 26234.9180 | 25348.0859 | 25868.5236 |
| August | 26170.0649 | 25036.2934 | 25558.6238 |
| September | 25991.9730 | 25502.3435 | 25713.7436 |
| October | 25549.8289 | 24585.7640 | 24972.5426 |
| November | 24893.3321 | 24393.4036 | 24691.0591 |
| December | 24789.4922 | 24332.7493 | 24577.0097 |