2024 BGN to MMK Historical Review

YEARLY HIGH

1807.2162 MMK

YEARLY LOW

1111.9297 MMK

YEARLY AVERAGE

1173.5193 MMK

2024 BGN to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 1807.2162. Conversely, the yearly low was recorded on December 19, dropping to 1111.9297.

This high-to-low spread represents a total annual volatility of 695.2865 MMK. From a start-to-finish perspective, comparing the January average rate of 1171.0551 to the December average rate of 1123.4989, the exchange rate registered a net change of -4.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1807.2162 was up 49.83% compared to the 2023 peak of 1206.2065, 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 9,036,081 MMK

2023 Average 5,806,090 MMK

Yearly Trough Low 5,559,648 MMK

Transaction Impact: A difference of 3,476,432.58 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1277.1374

1109.5318

JanuMarcMayJulySeptNove

BGN to MMK 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 1168.7603, compared to 1178.2783 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.5180 points.

H1 Avg (Jan–Jun) 1168.7603

H2 Avg (Jul–Dec) 1178.2783

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 647.1388 MMK (High: 1807.2162 / Low: 1160.0774). On the other end, February was the most stable month, with a tight range of 17.7753 MMK (High: 1168.6260 / Low: 1150.8506).

July Spread (Volatile) ±647.1388

February Spread (Stable) ±17.7753

Growth Streaks & Declines

Trends

Between April and July, 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 July and August, when the average rate fell by 80.6820 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -80.6820

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 1263.1702) against the same month in 2023 (average: 1185.9364), the exchange rate shifted by +77.2338 (+6.51%).

2024 Avg (July) 1263.1702

2023 Avg (July) 1185.9364

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1188.6989	1160.1394	1171.0551
February	1168.6260	1150.8506	1159.0896
March	1175.5937	1156.8251	1166.5326
April	1165.7579	1140.0892	1151.0053
May	1168.1906	1145.5670	1160.5634
June	1360.2019	1146.0260	1204.3157
July	1807.2162	1160.0774	1263.1702
August	1201.4633	1157.3768	1182.4883
September	1199.5803	1181.2019	1191.6330
October	1187.3836	1155.9866	1168.8592
November	1171.9688	1117.3006	1140.0202
December	1135.5241	1111.9297	1123.4989