2019 BGN to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 BGN to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the BGN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 5.2473. Conversely, the yearly low was recorded on April 20, dropping to 4.8619.
This high-to-low spread represents a total annual volatility of 0.3854 NOK. From a start-to-finish perspective, comparing the January average rate of 4.9921 to the December average rate of 5.1225, the exchange rate registered a net change of 2.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 5.2473 was up 2.46% compared to the 2018 peak of 5.1213, 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 2019.
BGN to NOK 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 4.9730, compared to 5.0965 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1236 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was December, with a trading range of 0.1754 NOK (High: 5.2084 / Low: 5.0330). On the other end, November was the most stable month, with a tight range of 0.0653 NOK (High: 5.1988 / Low: 5.1336).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0520 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2019: 5.1716) against the same month in 2018 (average: 4.8508), the exchange rate shifted by +0.3208 (+6.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.0891 | 4.9297 | 4.9921 |
| February | 5.0217 | 4.9370 | 4.9813 |
| March | 5.0290 | 4.9124 | 4.9693 |
| April | 4.9589 | 4.8619 | 4.9173 |
| May | 5.0389 | 4.9658 | 4.9993 |
| June | 5.0191 | 4.8856 | 4.9786 |
| July | 5.0143 | 4.9122 | 4.9405 |
| August | 5.1476 | 5.0401 | 5.0998 |
| September | 5.1219 | 5.0405 | 5.0770 |
| October | 5.2473 | 5.0937 | 5.1716 |
| November | 5.1988 | 5.1336 | 5.1677 |
| December | 5.2084 | 5.0330 | 5.1225 |