2021 BGN to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 BGN to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the BGN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 5.4240. Conversely, the yearly low was recorded on October 20, dropping to 4.9549.
This high-to-low spread represents a total annual volatility of 0.4692 NOK. From a start-to-finish perspective, comparing the January average rate of 5.3034 to the December average rate of 5.1838, the exchange rate registered a net change of -2.25% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 5.4240 was down 15.86% compared to the 2020 peak of 6.4466, 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 2021.
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 5.2052, compared to 5.1943 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0109 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 0.2577 NOK (High: 5.2542 / Low: 4.9965). On the other end, April was the most stable month, with a tight range of 0.1141 NOK (High: 5.1761 / Low: 5.0621).
Growth Streaks & Declines
TrendsBetween April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1971 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2021: 5.3047) against the same month in 2020 (average: 5.4474), the exchange rate shifted by -0.1427 (-2.62%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.3915 | 5.2294 | 5.3034 |
| February | 5.3657 | 5.2024 | 5.2618 |
| March | 5.2645 | 5.1152 | 5.1860 |
| April | 5.1761 | 5.0621 | 5.1324 |
| May | 5.2289 | 5.0932 | 5.1585 |
| June | 5.2549 | 5.1399 | 5.1891 |
| July | 5.4240 | 5.1893 | 5.3047 |
| August | 5.3987 | 5.2301 | 5.3279 |
| September | 5.2697 | 5.1345 | 5.2174 |
| October | 5.1177 | 4.9549 | 5.0202 |
| November | 5.2542 | 4.9965 | 5.1118 |
| December | 5.2957 | 5.0930 | 5.1838 |