2019 BGN to MAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 BGN to MAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the BGN to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 5.6188. Conversely, the yearly low was recorded on August 24, dropping to 5.4035.
This high-to-low spread represents a total annual volatility of 0.2153 MAD. From a start-to-finish perspective, comparing the January average rate of 5.5644 to the December average rate of 5.4663, the exchange rate registered a net change of -1.76% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 5.6188 was down 3.65% compared to the 2018 peak of 5.8316, 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 2019.
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 5.5440, compared to 5.4633 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0807 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was June, with a trading range of 0.1021 MAD (High: 5.5715 / Low: 5.4693). On the other end, May was the most stable month, with a tight range of 0.0417 MAD (High: 5.5576 / Low: 5.5158).
Growth Streaks & Declines
TrendsBetween April and June, 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 June and July, when the average rate fell by 0.0464 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 5.5644) against the same month in 2018 (average: 5.7712), the exchange rate shifted by -0.2068 (-3.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.6188 | 5.5391 | 5.5644 |
| February | 5.5780 | 5.5044 | 5.5360 |
| March | 5.5838 | 5.5247 | 5.5531 |
| April | 5.5525 | 5.4936 | 5.5313 |
| May | 5.5576 | 5.5158 | 5.5340 |
| June | 5.5715 | 5.4693 | 5.5449 |
| July | 5.5524 | 5.4603 | 5.4985 |
| August | 5.4773 | 5.4035 | 5.4533 |
| September | 5.4855 | 5.4121 | 5.4489 |
| October | 5.4875 | 5.4244 | 5.4587 |
| November | 5.4912 | 5.4298 | 5.4542 |
| December | 5.5018 | 5.4380 | 5.4663 |