2024 BGN to IRR Historical Review

YEARLY HIGH

24143.2020 IRR

YEARLY LOW

22392.2918 IRR

YEARLY AVERAGE

23287.9922 IRR

2024 BGN to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 24143.2020. Conversely, the yearly low was recorded on December 19, dropping to 22392.2918.

This high-to-low spread represents a total annual volatility of 1750.9103 IRR. From a start-to-finish perspective, comparing the January average rate of 23452.8482 to the December average rate of 22589.6615, the exchange rate registered a net change of -3.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 24143.2020 was down 0.69% compared to the 2023 peak of 24311.3602, 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 120,716,010 IRR

2023 Average 116,779,201 IRR

Yearly Trough Low 111,961,459 IRR

Transaction Impact: A difference of 8,754,551.47 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

24047.6244

22457.1194

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 23255.3192, compared to 23320.6652 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 65.3459 points.

H1 Avg (Jan–Jun) 23255.3192

H2 Avg (Jul–Dec) 23320.6652

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1096.8175 IRR (High: 23513.3927 / Low: 22416.5752). On the other end, February was the most stable month, with a tight range of 342.1928 IRR (High: 23376.0472 / Low: 23033.8544).

November Spread (Volatile) ±1096.8175

February Spread (Stable) ±342.1928

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 583.7047 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -583.7047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 23915.0823) against the same month in 2023 (average: 23065.0706), the exchange rate shifted by +850.0117 (+3.69%).

2024 Avg (September) 23915.0823

2023 Avg (September) 23065.0706

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23766.2760	23269.2895	23452.8482
February	23376.0472	23033.8544	23199.7504
March	23539.2905	23193.5149	23366.4958
April	23385.4845	22846.3962	23069.5638
May	23423.2172	22948.0176	23268.5049
June	23515.5602	22984.4413	23174.7524
July	23520.2829	23104.6882	23362.3055
August	24105.1446	23220.6298	23727.8509
September	24143.2020	23705.6747	23915.0823
October	23819.8324	23192.7379	23456.3979
November	23513.3927	22416.5752	22872.6932
December	22779.4902	22392.2918	22589.6615