2024 BGN to MYR Historical Review

YEARLY HIGH

2.6525 MYR

YEARLY LOW

2.3503 MYR

YEARLY AVERAGE

2.5310 MYR

2024 BGN to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 2.6525. Conversely, the yearly low was recorded on September 30, dropping to 2.3503.

This high-to-low spread represents a total annual volatility of 0.3022 MYR. From a start-to-finish perspective, comparing the January average rate of 2.6115 to the December average rate of 2.3889, the exchange rate registered a net change of -8.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.6525 was up 0.41% compared to the 2023 peak of 2.6418, 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 13,263 MYR

2023 Average 12,613 MYR

Yearly Trough Low 11,752 MYR

Transaction Impact: A difference of 1,511.15 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.6546

2.3648

JanuMarcMayJulySeptNove

BGN to MYR 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 2.6128, compared to 2.4493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1635 points.

H1 Avg (Jan–Jun) 2.6128

H2 Avg (Jul–Dec) 2.4493

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.1159 MYR (High: 2.4663 / Low: 2.3503). On the other end, May was the most stable month, with a tight range of 0.0207 MYR (High: 2.6177 / Low: 2.5970).

September Spread (Volatile) ±0.1159

May Spread (Stable) ±0.0207

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.1098 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1098

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.6304) against the same month in 2023 (average: 2.3877), the exchange rate shifted by +0.2428 (+10.17%).

2024 Avg (February) 2.6304

2023 Avg (February) 2.3877

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6320	2.5737	2.6115
February	2.6525	2.6014	2.6304
March	2.6459	2.6060	2.6223
April	2.6415	2.5930	2.6127
May	2.6177	2.5970	2.6076
June	2.6222	2.5735	2.5922
July	2.6171	2.5429	2.5976
August	2.5205	2.4412	2.4878
September	2.4663	2.3503	2.4191
October	2.4336	2.3569	2.3939
November	2.4361	2.3795	2.4082
December	2.4063	2.3729	2.3889