2018 BGN to MAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 BGN to MAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the BGN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 5.8316. Conversely, the yearly low was recorded on November 27, dropping to 5.5012.
This high-to-low spread represents a total annual volatility of 0.3304 MAD. From a start-to-finish perspective, comparing the January average rate of 5.7712 to the December average rate of 5.5480, the exchange rate registered a net change of -3.87% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 5.8316 was up 1.51% compared to the 2017 peak of 5.7450, 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 2018.
BGN to MAD 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 5.7519, compared to 5.5824 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1695 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was August, with a trading range of 0.0911 MAD (High: 5.6457 / Low: 5.5546). On the other end, July was the most stable month, with a tight range of 0.0314 MAD (High: 5.6680 / Low: 5.6365).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2018. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0850 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2018: 5.8036) against the same month in 2017 (average: 5.4752), the exchange rate shifted by +0.3284 (+6.00%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.8149 | 5.7251 | 5.7712 |
| February | 5.8316 | 5.7743 | 5.8036 |
| March | 5.8116 | 5.7657 | 5.7904 |
| April | 5.8050 | 5.7390 | 5.7811 |
| May | 5.7264 | 5.6510 | 5.6961 |
| June | 5.6989 | 5.6510 | 5.6691 |
| July | 5.6680 | 5.6365 | 5.6531 |
| August | 5.6457 | 5.5546 | 5.5939 |
| September | 5.6273 | 5.5844 | 5.6031 |
| October | 5.5941 | 5.5361 | 5.5696 |
| November | 5.5534 | 5.5012 | 5.5265 |
| December | 5.5929 | 5.5105 | 5.5480 |