2024 BGN to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BGN to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BGN to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 12637.8953. Conversely, the yearly low was recorded on February 13, dropping to 11424.8308.
This high-to-low spread represents a total annual volatility of 1213.0645 LAK. From a start-to-finish perspective, comparing the January average rate of 11516.4348 to the December average rate of 11722.4999, the exchange rate registered a net change of 1.79% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 12637.8953 was up 8.31% compared to the 2023 peak of 11668.7714, 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 LAK 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 11684.0466, compared to 12200.0967 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 516.0502 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 530.9393 LAK (High: 12225.8491 / Low: 11694.9098). On the other end, March was the most stable month, with a tight range of 156.1320 LAK (High: 11691.2742 / Low: 11535.1423).
Growth Streaks & Declines
TrendsBetween February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 324.1039 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 12467.3237) against the same month in 2023 (average: 10843.8730), the exchange rate shifted by +1623.4507 (+14.97%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 11624.4133 | 11468.2452 | 11516.4348 |
| February | 11586.4957 | 11424.8308 | 11503.9053 |
| March | 11691.2742 | 11535.1423 | 11629.2197 |
| April | 11746.4807 | 11547.3192 | 11648.0490 |
| May | 11922.7854 | 11649.1159 | 11807.4213 |
| June | 12098.1244 | 11903.1542 | 11999.2494 |
| July | 12372.3841 | 12123.9570 | 12282.9674 |
| August | 12637.8953 | 12239.1291 | 12467.3237 |
| September | 12635.4107 | 12457.1155 | 12553.1493 |
| October | 12554.6022 | 12093.5979 | 12249.3720 |
| November | 12225.8491 | 11694.9098 | 11925.2681 |
| December | 11872.5226 | 11600.5516 | 11722.4999 |