2014 BGN to LTL Historical Review

YEARLY HIGH

1.7684 LTL

YEARLY LOW

1.7589 LTL

YEARLY AVERAGE

1.7643 LTL

2014 BGN to LTL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BGN to LTL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 1.7684. Conversely, the yearly low was recorded on November 2, dropping to 1.7589.

This high-to-low spread represents a total annual volatility of 0.0095 LTL. From a start-to-finish perspective, comparing the January average rate of 1.7641 to the December average rate of 1.7653, the exchange rate registered a net change of 0.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.7684 was down 0.17% compared to the 2013 peak of 1.7714, 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 8,842 LTL

2013 Average 8,821 LTL

Yearly Trough Low 8,794 LTL

Transaction Impact: A difference of 47.45 LTL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.7655

1.7633

JanuMarcMayJulySeptNove

BGN to LTL 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 1.7640, compared to 1.7645 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 1.7640

H2 Avg (Jul–Dec) 1.7645

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0095 LTL (High: 1.7684 / Low: 1.7589). On the other end, August was the most stable month, with a tight range of 0.0033 LTL (High: 1.7656 / Low: 1.7623).

November Spread (Volatile) ±0.0095

August Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.0006 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 1.7642) against the same month in 2013 (average: 1.7641), the exchange rate shifted by +0.0001 (+0.01%).

2014 Avg (November) 1.7642

2013 Avg (November) 1.7641

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7657	1.7620	1.7641
February	1.7652	1.7602	1.7634
March	1.7661	1.7611	1.7640
April	1.7675	1.7613	1.7645
May	1.7668	1.7627	1.7642
June	1.7651	1.7617	1.7640
July	1.7661	1.7627	1.7644
August	1.7656	1.7623	1.7642
September	1.7660	1.7621	1.7643
October	1.7674	1.7614	1.7646
November	1.7684	1.7589	1.7642
December	1.7677	1.7633	1.7653