2013 BGN to TOP Historical Review

YEARLY HIGH

1.3087 TOP

YEARLY LOW

1.1459 TOP

YEARLY AVERAGE

1.2162 TOP

2013 BGN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the BGN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.3087. Conversely, the yearly low was recorded on March 28, dropping to 1.1459.

This high-to-low spread represents a total annual volatility of 0.1628 TOP. From a start-to-finish perspective, comparing the January average rate of 1.1784 to the December average rate of 1.3001, the exchange rate registered a net change of 10.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 1.3087 was up 11.06% compared to the 2012 peak of 1.1783, 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 6,543 TOP

2012 Average 5,707 TOP

Yearly Trough Low 5,730 TOP

Transaction Impact: A difference of 813.83 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

1.3143

1.1435

JanuMarcMayJulySeptNove

BGN to TOP 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 1.1733, compared to 1.2592 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0859 points.

H1 Avg (Jan–Jun) 1.1733

H2 Avg (Jul–Dec) 1.2592

Volatility Range Comparison

Volatility

The most volatile month in 2013 was June, with a trading range of 0.0810 TOP (High: 1.2370 / Low: 1.1560). On the other end, April was the most stable month, with a tight range of 0.0220 TOP (High: 1.1695 / Low: 1.1475).

June Spread (Volatile) ±0.0810

April Spread (Stable) ±0.0220

Growth Streaks & Declines

Trends

Between March and August, 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 February and March, when the average rate fell by 0.0231 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0231

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2013: 1.3001) against the same month in 2012 (average: 1.1665), the exchange rate shifted by +0.1336 (+11.46%).

2013 Avg (December) 1.3001

2012 Avg (December) 1.1665

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1951	1.1632	1.1784
February	1.2031	1.1552	1.1808
March	1.1693	1.1459	1.1577
April	1.1695	1.1475	1.1589
May	1.1692	1.1461	1.1598
June	1.2370	1.1560	1.2042
July	1.2449	1.2172	1.2335
August	1.2714	1.2396	1.2599
September	1.2826	1.2417	1.2540
October	1.2743	1.2354	1.2569
November	1.2912	1.2228	1.2506
December	1.3087	1.2831	1.3001