2024 BGN to THB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BGN to THB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BGN to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on June 9, valuing the pair at 20.4166. Conversely, the yearly low was recorded on December 26, dropping to 18.1372.
This high-to-low spread represents a total annual volatility of 2.2794 THB. From a start-to-finish perspective, comparing the January average rate of 19.6171 to the December average rate of 18.2899, the exchange rate registered a net change of -6.77% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 20.4166 was up 2.01% compared to the 2023 peak of 20.0145, 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 2024.
BGN to THB 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 19.9938, compared to 19.0234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9705 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was September, with a trading range of 0.8874 THB (High: 19.3582 / Low: 18.4708). On the other end, May was the most stable month, with a tight range of 0.3015 THB (High: 20.3476 / Low: 20.0461).
Growth Streaks & Declines
TrendsBetween January and May, 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 August and September, when the average rate fell by 0.6668 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 20.1991) against the same month in 2023 (average: 19.3305), the exchange rate shifted by +0.8686 (+4.49%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.9056 | 19.1766 | 19.6171 |
| February | 19.9594 | 19.5558 | 19.7811 |
| March | 20.1886 | 19.7791 | 19.9749 |
| April | 20.4019 | 19.7828 | 20.1557 |
| May | 20.3476 | 20.0461 | 20.2351 |
| June | 20.4166 | 20.0482 | 20.1991 |
| July | 20.2495 | 19.6479 | 20.1025 |
| August | 19.8902 | 19.2218 | 19.5603 |
| September | 19.3582 | 18.4708 | 18.8935 |
| October | 18.8551 | 18.3854 | 18.5964 |
| November | 18.9203 | 18.3481 | 18.6977 |
| December | 18.5956 | 18.1372 | 18.2899 |