2020 BGN to MRO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 BGN to MRO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the BGN to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 224.2162. Conversely, the yearly low was recorded on March 19, dropping to 194.7840.
This high-to-low spread represents a total annual volatility of 29.4322 MRO. From a start-to-finish perspective, comparing the January average rate of 202.6646 to the December average rate of 222.1480, the exchange rate registered a net change of 9.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 224.2162 was up 6.39% compared to the 2019 peak of 210.7569, 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 2020.
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 201.1206, compared to 215.5563 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 14.4357 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 13.2192 MRO (High: 208.0033 / Low: 194.7840). On the other end, January was the most stable month, with a tight range of 3.6985 MRO (High: 204.7120 / Low: 201.0135).
Growth Streaks & Declines
TrendsBetween April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 3.4328 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 222.1480) against the same month in 2019 (average: 202.8165), the exchange rate shifted by +19.3315 (+9.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 204.7120 | 201.0135 | 202.6646 |
| February | 202.4119 | 196.9551 | 199.3265 |
| March | 208.0033 | 194.7840 | 201.8052 |
| April | 200.4965 | 196.6553 | 198.3723 |
| May | 202.7184 | 197.0982 | 199.1458 |
| June | 207.5320 | 203.2364 | 205.4094 |
| July | 216.2346 | 205.1546 | 209.1607 |
| August | 218.0817 | 214.3031 | 215.9525 |
| September | 217.3458 | 212.0582 | 215.0516 |
| October | 216.5953 | 212.7783 | 214.8282 |
| November | 218.3492 | 212.2170 | 216.1972 |
| December | 224.2162 | 220.4803 | 222.1480 |