2017 BGN to TOP Historical Review

YEARLY HIGH

1.3978 TOP

YEARLY LOW

1.2085 TOP

YEARLY AVERAGE

1.3081 TOP

2017 BGN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the BGN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 4, valuing the pair at 1.3978. Conversely, the yearly low was recorded on March 2, dropping to 1.2085.

This high-to-low spread represents a total annual volatility of 0.1893 TOP. From a start-to-finish perspective, comparing the January average rate of 1.2508 to the December average rate of 1.3855, the exchange rate registered a net change of 10.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.3978 was up 4.95% compared to the 2016 peak of 1.3319, 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 6,989 TOP

2016 Average 6,371 TOP

Yearly Trough Low 6,043 TOP

Transaction Impact: A difference of 946.34 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.4011

1.2140

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 1.2674, compared to 1.3488 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0814 points.

H1 Avg (Jan–Jun) 1.2674

H2 Avg (Jul–Dec) 1.3488

Volatility Range Comparison

Volatility

The most volatile month in 2017 was March, with a trading range of 0.0645 TOP (High: 1.2730 / Low: 1.2085). On the other end, December was the most stable month, with a tight range of 0.0211 TOP (High: 1.3978 / Low: 1.3767).

March Spread (Volatile) ±0.0645

December Spread (Stable) ±0.0211

Growth Streaks & Declines

Trends

Between February and May, 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 January and February, when the average rate fell by 0.0212 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0212

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 1.3855) against the same month in 2016 (average: 1.2272), the exchange rate shifted by +0.1583 (+12.90%).

2017 Avg (December) 1.3855

2016 Avg (December) 1.2272

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2636	1.2347	1.2508
February	1.2635	1.2144	1.2296
March	1.2730	1.2085	1.2500
April	1.2897	1.2415	1.2576
May	1.3368	1.2840	1.3100
June	1.3232	1.2879	1.3064
July	1.3332	1.3005	1.3189
August	1.3708	1.3123	1.3320
September	1.3623	1.3287	1.3481
October	1.3614	1.3313	1.3446
November	1.3970	1.3351	1.3636
December	1.3978	1.3767	1.3855