2020 BGN to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 BGN to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the BGN to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 9, valuing the pair at 84.8616. Conversely, the yearly low was recorded on January 1, dropping to 69.4129.
This high-to-low spread represents a total annual volatility of 15.4487 ISK. From a start-to-finish perspective, comparing the January average rate of 70.0943 to the December average rate of 79.2662, the exchange rate registered a net change of 13.09% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 84.8616 was up 16.88% compared to the 2019 peak of 72.6081, 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 2020.
BGN to ISK 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 75.8632, compared to 82.0575 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.1943 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 8.4304 ISK (High: 79.9112 / Low: 71.4807). On the other end, January was the most stable month, with a tight range of 1.0972 ISK (High: 70.5101 / Low: 69.4129).
Growth Streaks & Declines
TrendsBetween June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 3.4245 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2020: 83.0028) against the same month in 2019 (average: 70.3113), the exchange rate shifted by +12.6915 (+18.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 70.5101 | 69.4129 | 70.0943 |
| February | 71.4807 | 69.6684 | 70.6344 |
| March | 79.9112 | 71.4807 | 76.1424 |
| April | 81.4988 | 79.3830 | 80.2449 |
| May | 81.5618 | 77.0732 | 79.9648 |
| June | 80.3362 | 76.0682 | 78.0986 |
| July | 82.1446 | 79.7493 | 81.0401 |
| August | 83.9102 | 81.5958 | 82.6849 |
| September | 84.8616 | 81.9102 | 83.0028 |
| October | 84.5042 | 82.9198 | 83.6603 |
| November | 84.2359 | 81.1775 | 82.6906 |
| December | 80.8366 | 77.6372 | 79.2662 |