2024 BGN to KMF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BGN to KMF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BGN to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 3, valuing the pair at 254.7763. Conversely, the yearly low was recorded on April 12, dropping to 246.8298.
This high-to-low spread represents a total annual volatility of 7.9465 KMF. From a start-to-finish perspective, comparing the January average rate of 251.7341 to the December average rate of 251.6661, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 254.7763 was down 0.66% compared to the 2023 peak of 256.4642, 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 2024.
BGN to KMF 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 251.7255, compared to 251.8093 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0837 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was April, with a trading range of 6.1525 KMF (High: 252.9823 / Low: 246.8298). On the other end, February was the most stable month, with a tight range of 1.8662 KMF (High: 252.1355 / Low: 250.2693).
Growth Streaks & Declines
TrendsBetween June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.4898 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 252.1012) against the same month in 2023 (average: 251.7886), the exchange rate shifted by +0.3126 (+0.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 252.3674 | 249.8268 | 251.7341 |
| February | 252.1355 | 250.2693 | 251.6679 |
| March | 253.0959 | 250.7144 | 251.8344 |
| April | 252.9823 | 246.8298 | 251.6495 |
| May | 252.9157 | 251.0350 | 251.9786 |
| June | 252.1604 | 249.0279 | 251.4888 |
| July | 253.3190 | 251.1148 | 252.0311 |
| August | 254.7763 | 250.7749 | 252.1012 |
| September | 252.6950 | 250.6743 | 251.9119 |
| October | 252.4560 | 250.3242 | 251.5809 |
| November | 253.3633 | 247.2117 | 251.5645 |
| December | 253.4361 | 249.5222 | 251.6661 |