2024 BGN to SAR Historical Review

YEARLY HIGH

2.1475 SAR

YEARLY LOW

1.9917 SAR

YEARLY AVERAGE

2.0760 SAR

2024 BGN to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 2.1475. Conversely, the yearly low was recorded on December 19, dropping to 1.9917.

This high-to-low spread represents a total annual volatility of 0.1558 SAR. From a start-to-finish perspective, comparing the January average rate of 2.0917 to the December average rate of 2.0117, the exchange rate registered a net change of -3.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1475 was down 0.49% compared to the 2023 peak of 2.1581, 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 10,738 SAR

2023 Average 10,377 SAR

Yearly Trough Low 9,959 SAR

Transaction Impact: A difference of 779.01 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1432

1.9997

JanuMarcMayJulySeptNove

BGN to SAR 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 2.0733, compared to 2.0787 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0054 points.

H1 Avg (Jan–Jun) 2.0733

H2 Avg (Jul–Dec) 2.0787

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0989 SAR (High: 2.0985 / Low: 1.9996). On the other end, March was the most stable month, with a tight range of 0.0293 SAR (High: 2.0995 / Low: 2.0702).

November Spread (Volatile) ±0.0989

March Spread (Stable) ±0.0293

Growth Streaks & Declines

Trends

Between 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 0.0514 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0514

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 2.1149) against the same month in 2023 (average: 2.0922), the exchange rate shifted by +0.0227 (+1.09%).

2024 Avg (August) 2.1149

2023 Avg (August) 2.0922

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1167	2.0755	2.0917
February	2.0850	2.0552	2.0696
March	2.0995	2.0702	2.0845
April	2.0847	2.0374	2.0566
May	2.0885	2.0463	2.0734
June	2.0902	2.0487	2.0641
July	2.0961	2.0596	2.0814
August	2.1475	2.0701	2.1149
September	2.1451	2.1128	2.1313
October	2.1234	2.0691	2.0922
November	2.0985	1.9996	2.0408
December	2.0332	1.9917	2.0117