2017 BGN to MRO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 BGN to MRO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the BGN to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 225.3527. Conversely, the yearly low was recorded on January 3, dropping to 190.7916.
This high-to-low spread represents a total annual volatility of 34.5610 MRO. From a start-to-finish perspective, comparing the January average rate of 194.9017 to the December average rate of 215.1772, the exchange rate registered a net change of 10.40% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 225.3527 was up 8.44% compared to the 2016 peak of 207.8222, 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 2017.
BGN to MRO 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 199.0493, compared to 216.7872 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 17.7379 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was October, with a trading range of 10.2615 MRO (High: 221.3600 / Low: 211.0985). On the other end, June was the most stable month, with a tight range of 4.6924 MRO (High: 210.1368 / Low: 205.4443).
Growth Streaks & Declines
TrendsBetween January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 5.6645 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2017: 222.6070) against the same month in 2016 (average: 203.9111), the exchange rate shifted by +18.6960 (+9.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 197.2634 | 190.7916 | 194.9017 |
| February | 198.1689 | 192.9042 | 195.3549 |
| March | 199.8097 | 193.1211 | 196.3803 |
| April | 201.2983 | 195.0841 | 197.1991 |
| May | 206.9274 | 199.9763 | 203.5793 |
| June | 210.1368 | 205.4443 | 206.8806 |
| July | 217.9364 | 208.4835 | 213.1995 |
| August | 223.1785 | 218.3029 | 219.6975 |
| September | 225.3527 | 218.9651 | 222.6070 |
| October | 221.3600 | 211.0985 | 216.9426 |
| November | 217.0709 | 210.0393 | 213.0995 |
| December | 217.7300 | 212.8876 | 215.1772 |