2024 BGN to SYP Historical Review

YEARLY HIGH

6936.6715 SYP

YEARLY LOW

1331.6285 SYP

YEARLY AVERAGE

1555.2499 SYP

2024 BGN to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 6936.6715. Conversely, the yearly low was recorded on December 19, dropping to 1331.6285.

This high-to-low spread represents a total annual volatility of 5605.0430 SYP. From a start-to-finish perspective, comparing the January average rate of 1401.3709 to the December average rate of 3326.8825, the exchange rate registered a net change of 137.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 6936.6715 was up 380.08% compared to the 2023 peak of 1444.8979, 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 34,683,358 SYP

2023 Average 6,949,728 SYP

Yearly Trough Low 6,658,143 SYP

Transaction Impact: A difference of 28,025,215.06 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3523.0438

1169.1080

JanuMarcMayJulySeptNove

BGN to SYP 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 1388.9505, compared to 1721.5493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 332.5989 points.

H1 Avg (Jan–Jun) 1388.9505

H2 Avg (Jul–Dec) 1721.5493

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 5605.0430 SYP (High: 6936.6715 / Low: 1331.6285). On the other end, February was the most stable month, with a tight range of 20.0395 SYP (High: 1396.9085 / Low: 1376.8691).

December Spread (Volatile) ±5605.0430

February Spread (Stable) ±20.0395

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 34.5371 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -34.5371

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 3326.8825) against the same month in 2023 (average: 1402.8255), the exchange rate shifted by +1924.0570 (+137.16%).

2024 Avg (December) 3326.8825

2023 Avg (December) 1402.8255

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1418.2040	1390.5289	1401.3709
February	1396.9085	1376.8691	1386.5496
March	1406.4964	1385.9184	1396.4628
April	1396.4761	1364.6896	1377.6771
May	1399.1450	1370.7598	1388.9982
June	1400.2881	1372.1199	1382.6444
July	1404.1085	1379.2984	1394.1296
August	1438.8525	1386.0552	1416.1284
September	1436.5975	1414.5878	1427.0799
October	1421.9909	1384.3903	1399.8064
November	1403.5304	1338.0606	1365.2693
December	6936.6715	1331.6285	3326.8825