2024 BGN to KRW Historical Review

YEARLY HIGH

785.6697 KRW

YEARLY LOW

722.8606 KRW

YEARLY AVERAGE

754.3037 KRW

2024 BGN to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 785.6697. Conversely, the yearly low was recorded on January 1, dropping to 722.8606.

This high-to-low spread represents a total annual volatility of 62.8091 KRW. From a start-to-finish perspective, comparing the January average rate of 738.8289 to the December average rate of 771.4859, the exchange rate registered a net change of 4.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 785.6697 was up 3.85% compared to the 2023 peak of 756.5524, 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 3,928,349 KRW

2023 Average 3,612,688 KRW

Yearly Trough Low 3,614,303 KRW

Transaction Impact: A difference of 314,045.73 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

775.0999

731.7321

JanuMarcMayJulySeptNove

BGN to KRW 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 746.6813, compared to 761.9261 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.2448 points.

H1 Avg (Jan–Jun) 746.6813

H2 Avg (Jul–Dec) 761.9261

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 31.3989 KRW (High: 785.6697 / Low: 754.2708). On the other end, February was the most stable month, with a tight range of 10.7582 KRW (High: 739.7257 / Low: 728.9675).

December Spread (Volatile) ±31.3989

February Spread (Stable) ±10.7582

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 6.1464 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -6.1464

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 771.4859) against the same month in 2023 (average: 726.5878), the exchange rate shifted by +44.8981 (+6.18%).

2024 Avg (December) 771.4859

2023 Avg (December) 726.5878

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	747.9570	722.8606	738.8289
February	739.7257	728.9675	735.3461
March	747.6350	732.5550	740.5805
April	757.1010	744.0979	751.1276
May	767.0197	746.0920	753.9749
June	767.3703	755.8698	760.2300
July	773.5399	757.6606	767.0300
August	768.2734	754.8214	760.8836
September	761.7332	748.2479	755.4572
October	767.1498	748.4961	758.7267
November	770.8348	747.9790	757.9733
December	785.6697	754.2708	771.4859