2015 BGN to TOP Historical Review

YEARLY HIGH

1.3122 TOP

YEARLY LOW

1.0827 TOP

YEARLY AVERAGE

1.2028 TOP

2015 BGN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the BGN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 1.3122. Conversely, the yearly low was recorded on March 15, dropping to 1.0827.

This high-to-low spread represents a total annual volatility of 0.2295 TOP. From a start-to-finish perspective, comparing the January average rate of 1.1785 to the December average rate of 1.2499, the exchange rate registered a net change of 6.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.3122 was down 0.85% compared to the 2014 peak of 1.3234, 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 6,561 TOP

2014 Average 6,401 TOP

Yearly Trough Low 5,414 TOP

Transaction Impact: A difference of 1,147.36 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.2960

1.0995

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 1.1558, compared to 1.2497 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0939 points.

H1 Avg (Jan–Jun) 1.1558

H2 Avg (Jul–Dec) 1.2497

Volatility Range Comparison

Volatility

The most volatile month in 2015 was June, with a trading range of 0.0895 TOP (High: 1.2406 / Low: 1.1511). On the other end, November was the most stable month, with a tight range of 0.0360 TOP (High: 1.2452 / Low: 1.2093).

June Spread (Volatile) ±0.0895

November Spread (Stable) ±0.0360

Growth Streaks & Declines

Trends

Between March and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0597 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0597

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2015: 1.2659) against the same month in 2014 (average: 1.2643), the exchange rate shifted by +0.0016 (+0.12%).

2015 Avg (August) 1.2659

2014 Avg (August) 1.2643

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2190	1.1379	1.1785
February	1.1877	1.1427	1.1655
March	1.1419	1.0827	1.1159
April	1.1563	1.0956	1.1201
May	1.1860	1.1294	1.1565
June	1.2406	1.1511	1.1986
July	1.2486	1.1895	1.2161
August	1.3122	1.2386	1.2659
September	1.3069	1.2315	1.2669
October	1.3109	1.2389	1.2796
November	1.2452	1.2093	1.2199
December	1.2805	1.2179	1.2499