2024 BGN to NIO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BGN to NIO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BGN to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 21.0584. Conversely, the yearly low was recorded on December 19, dropping to 19.5100.
This high-to-low spread represents a total annual volatility of 1.5484 NIO. From a start-to-finish perspective, comparing the January average rate of 20.4415 to the December average rate of 19.6989, the exchange rate registered a net change of -3.63% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 21.0584 was up 0.30% compared to the 2023 peak of 20.9944, 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 NIO 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 20.3242, compared to 20.3772 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0530 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 0.9850 NIO (High: 20.5564 / Low: 19.5714). On the other end, February was the most stable month, with a tight range of 0.2862 NIO (High: 20.4377 / Low: 20.1515).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.5199 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 20.7363) against the same month in 2023 (average: 20.4056), the exchange rate shifted by +0.3307 (+1.62%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.7170 | 20.2827 | 20.4415 |
| February | 20.4377 | 20.1515 | 20.2959 |
| March | 20.6060 | 20.2732 | 20.4423 |
| April | 20.4425 | 19.9720 | 20.1831 |
| May | 20.4756 | 20.0360 | 20.3327 |
| June | 20.4858 | 20.1043 | 20.2495 |
| July | 20.5635 | 20.2104 | 20.4194 |
| August | 21.0584 | 20.3076 | 20.7363 |
| September | 21.0392 | 20.7192 | 20.9039 |
| October | 20.8063 | 20.2660 | 20.5122 |
| November | 20.5564 | 19.5714 | 19.9923 |
| December | 19.9202 | 19.5100 | 19.6989 |