2018 BGN to TOP Historical Review

YEARLY HIGH

1.4266 TOP

YEARLY LOW

1.3015 TOP

YEARLY AVERAGE

1.3721 TOP

2018 BGN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the BGN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 1.4266. Conversely, the yearly low was recorded on December 16, dropping to 1.3015.

This high-to-low spread represents a total annual volatility of 0.1251 TOP. From a start-to-finish perspective, comparing the January average rate of 1.4016 to the December average rate of 1.3245, the exchange rate registered a net change of -5.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.4266 was up 2.06% compared to the 2017 peak of 1.3978, 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 7,133 TOP

2017 Average 6,543 TOP

Yearly Trough Low 6,507 TOP

Transaction Impact: A difference of 625.61 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.4095

1.3168

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 1.3885, compared to 1.3557 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0328 points.

H1 Avg (Jan–Jun) 1.3885

H2 Avg (Jul–Dec) 1.3557

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.0484 TOP (High: 1.4266 / Low: 1.3782). On the other end, July was the most stable month, with a tight range of 0.0235 TOP (High: 1.3951 / Low: 1.3716).

January Spread (Volatile) ±0.0484

July Spread (Stable) ±0.0235

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2018. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0260 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0260

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 1.4016) against the same month in 2017 (average: 1.2508), the exchange rate shifted by +0.1508 (+12.06%).

2018 Avg (January) 1.4016

2017 Avg (January) 1.2508

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4266	1.3782	1.4016
February	1.4215	1.3826	1.3982
March	1.4149	1.3896	1.4018
April	1.4098	1.3703	1.3955
May	1.3890	1.3450	1.3695
June	1.3772	1.3499	1.3642
July	1.3951	1.3716	1.3836
August	1.3837	1.3402	1.3631
September	1.3905	1.3651	1.3763
October	1.3677	1.3323	1.3537
November	1.3445	1.3163	1.3329
December	1.3380	1.3015	1.3245