2022 BGN to MVR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 BGN to MVR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the BGN to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 9.0491. Conversely, the yearly low was recorded on September 27, dropping to 7.5764.
This high-to-low spread represents a total annual volatility of 1.4727 MVR. From a start-to-finish perspective, comparing the January average rate of 8.9415 to the December average rate of 8.3172, the exchange rate registered a net change of -6.98% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 9.0491 was down 6.84% compared to the 2021 peak of 9.7141, 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 2022.
BGN to MVR 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 8.6372, compared to 7.9892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6480 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was November, with a trading range of 0.5074 MVR (High: 8.1902 / Low: 7.6828). On the other end, February was the most stable month, with a tight range of 0.1928 MVR (High: 9.0377 / Low: 8.8450).
Growth Streaks & Declines
TrendsBetween October and December, 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 0.3044 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2022: 8.9415) against the same month in 2021 (average: 9.5865), the exchange rate shifted by -0.6450 (-6.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.0491 | 8.8033 | 8.9415 |
| February | 9.0377 | 8.8450 | 8.9633 |
| March | 8.8159 | 8.5760 | 8.6929 |
| April | 8.7320 | 8.2940 | 8.5459 |
| May | 8.5158 | 8.1906 | 8.3492 |
| June | 8.5291 | 8.1766 | 8.3303 |
| July | 8.1897 | 7.9235 | 8.0259 |
| August | 8.1062 | 7.7997 | 7.9474 |
| September | 8.0333 | 7.5764 | 7.8285 |
| October | 7.9370 | 7.6657 | 7.7639 |
| November | 8.1902 | 7.6828 | 8.0524 |
| December | 8.4311 | 8.1594 | 8.3172 |