2024 BGN to PEN Historical Review

YEARLY HIGH

2.1581 PEN

YEARLY LOW

1.9765 PEN

YEARLY AVERAGE

2.0764 PEN

2024 BGN to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 2.1581. Conversely, the yearly low was recorded on December 25, dropping to 1.9765.

This high-to-low spread represents a total annual volatility of 0.1816 PEN. From a start-to-finish perspective, comparing the January average rate of 2.0811 to the December average rate of 1.9983, the exchange rate registered a net change of -3.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1581 was down 0.67% compared to the 2023 peak of 2.1727, 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 10,791 PEN

2023 Average 10,342 PEN

Yearly Trough Low 9,883 PEN

Transaction Impact: A difference of 908.10 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1552

1.9841

JanuMarcMayJulySeptNove

BGN to PEN 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 2.0734, compared to 2.0795 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 2.0734

H2 Avg (Jul–Dec) 2.0795

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0866 PEN (High: 2.1066 / Low: 2.0199). On the other end, October was the most stable month, with a tight range of 0.0328 PEN (High: 2.1032 / Low: 2.0704).

November Spread (Volatile) ±0.0866

October Spread (Stable) ±0.0328

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0561 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0561

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.1409) against the same month in 2023 (average: 2.0327), the exchange rate shifted by +0.1082 (+5.32%).

2024 Avg (September) 2.1409

2023 Avg (September) 2.0327

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1139	2.0573	2.0811
February	2.1340	2.0938	2.1129
March	2.0974	2.0373	2.0648
April	2.0606	2.0082	2.0373
May	2.0853	2.0330	2.0628
June	2.1017	2.0636	2.0817
July	2.1126	2.0655	2.0883
August	2.1433	2.0620	2.1052
September	2.1581	2.1179	2.1409
October	2.1032	2.0704	2.0897
November	2.1066	2.0199	2.0544
December	2.0246	1.9765	1.9983