2024 BGN to KWD Historical Review

YEARLY HIGH

0.1748 KWD

YEARLY LOW

0.1632 KWD

YEARLY AVERAGE

0.1698 KWD

2024 BGN to KWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to KWD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.1748. Conversely, the yearly low was recorded on December 19, dropping to 0.1632.

This high-to-low spread represents a total annual volatility of 0.0116 KWD. From a start-to-finish perspective, comparing the January average rate of 0.1715 to the December average rate of 0.1648, the exchange rate registered a net change of -3.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1748 was down 0.67% compared to the 2023 peak of 0.1760, 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 874 KWD

2023 Average 850 KWD

Yearly Trough Low 816 KWD

Transaction Impact: A difference of 57.78 KWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1742

0.1639

JanuMarcMayJulySeptNove

BGN to KWD 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 0.1699, compared to 0.1696 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.1699

H2 Avg (Jul–Dec) 0.1696

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0071 KWD (High: 0.1711 / Low: 0.1640). On the other end, February was the most stable month, with a tight range of 0.0021 KWD (High: 0.1710 / Low: 0.1689).

November Spread (Volatile) ±0.0071

February Spread (Stable) ±0.0021

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 0.0038 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.1722) against the same month in 2023 (average: 0.1718), the exchange rate shifted by +0.0005 (+0.27%).

2024 Avg (August) 0.1722

2023 Avg (August) 0.1718

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1737	0.1702	0.1715
February	0.1710	0.1689	0.1699
March	0.1720	0.1697	0.1709
April	0.1709	0.1673	0.1688
May	0.1709	0.1681	0.1698
June	0.1708	0.1675	0.1687
July	0.1707	0.1683	0.1697
August	0.1748	0.1686	0.1722
September	0.1745	0.1721	0.1734
October	0.1729	0.1689	0.1707
November	0.1711	0.1640	0.1669
December	0.1664	0.1632	0.1648