2024 BGN to NAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BGN to NAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BGN to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 10.7278. Conversely, the yearly low was recorded on December 12, dropping to 9.4533.
This high-to-low spread represents a total annual volatility of 1.2745 NAD. From a start-to-finish perspective, comparing the January average rate of 10.4777 to the December average rate of 9.7597, the exchange rate registered a net change of -6.85% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.7278 was down 3.00% compared to the 2023 peak of 11.0592, 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 2024.
BGN to NAD 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 10.3482, compared to 9.9301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4181 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 0.7759 NAD (High: 10.5524 / Low: 9.7765). On the other end, October was the most stable month, with a tight range of 0.1861 NAD (High: 9.8726 / Low: 9.6865).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.2147 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 10.4710) against the same month in 2023 (average: 9.7791), the exchange rate shifted by +0.6919 (+7.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.6691 | 10.3082 | 10.4777 |
| February | 10.7278 | 10.2646 | 10.4710 |
| March | 10.5932 | 10.3490 | 10.4789 |
| April | 10.5023 | 10.1593 | 10.3564 |
| May | 10.2401 | 10.0435 | 10.1633 |
| June | 10.5524 | 9.7765 | 10.1421 |
| July | 10.2413 | 9.9649 | 10.1186 |
| August | 10.4025 | 9.9668 | 10.1633 |
| September | 10.1496 | 9.7920 | 10.0061 |
| October | 9.8726 | 9.6865 | 9.7914 |
| November | 9.8506 | 9.6212 | 9.7413 |
| December | 10.0097 | 9.4533 | 9.7597 |