2018 BGN to PHP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 BGN to PHP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the BGN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 33.3633. Conversely, the yearly low was recorded on December 2, dropping to 30.2623.
This high-to-low spread represents a total annual volatility of 3.1010 PHP. From a start-to-finish perspective, comparing the January average rate of 31.5175 to the December average rate of 30.7065, the exchange rate registered a net change of -2.57% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 33.3633 was up 6.41% compared to the 2017 peak of 31.3547, 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 2018.
BGN to PHP 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 32.1790, compared to 31.4160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7631 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was January, with a trading range of 2.0437 PHP (High: 32.6254 / Low: 30.5817). On the other end, July was the most stable month, with a tight range of 0.4809 PHP (High: 32.1583 / Low: 31.6773).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.0527 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2018: 32.7597) against the same month in 2017 (average: 27.2017), the exchange rate shifted by +5.5580 (+20.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 32.6254 | 30.5817 | 31.5175 |
| February | 33.3633 | 32.1498 | 32.7597 |
| March | 33.2784 | 32.5329 | 32.8549 |
| April | 32.9695 | 31.8940 | 32.6505 |
| May | 32.0614 | 31.1477 | 31.5978 |
| June | 32.1143 | 31.2800 | 31.6937 |
| July | 32.1583 | 31.6773 | 31.8972 |
| August | 31.9696 | 30.9960 | 31.4201 |
| September | 32.6204 | 31.7199 | 32.1432 |
| October | 32.0577 | 30.9054 | 31.6702 |
| November | 31.0546 | 30.3021 | 30.6587 |
| December | 31.1725 | 30.2623 | 30.7065 |