2019 BGN to TOP Historical Review

YEARLY HIGH

1.3389 TOP

YEARLY LOW

1.2661 TOP

YEARLY AVERAGE

1.3110 TOP

2019 BGN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the BGN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.3389. Conversely, the yearly low was recorded on April 1, dropping to 1.2661.

This high-to-low spread represents a total annual volatility of 0.0728 TOP. From a start-to-finish perspective, comparing the January average rate of 1.3236 to the December average rate of 1.3065, the exchange rate registered a net change of -1.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.3389 was down 6.15% compared to the 2018 peak of 1.4266, 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 6,695 TOP

2018 Average 6,860 TOP

Yearly Trough Low 6,330 TOP

Transaction Impact: A difference of 364.17 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.3257

1.3002

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 1.3123, compared to 1.3096 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 1.3123

H2 Avg (Jul–Dec) 1.3096

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 0.0539 TOP (High: 1.3200 / Low: 1.2661). On the other end, February was the most stable month, with a tight range of 0.0121 TOP (High: 1.3172 / Low: 1.3051).

April Spread (Volatile) ±0.0539

February Spread (Stable) ±0.0121

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0143 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0143

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 1.3236) against the same month in 2018 (average: 1.4016), the exchange rate shifted by -0.0780 (-5.57%).

2019 Avg (January) 1.3236

2018 Avg (January) 1.4016

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3389	1.3081	1.3236
February	1.3172	1.3051	1.3101
March	1.3198	1.2978	1.3069
April	1.3200	1.2661	1.3023
May	1.3180	1.3038	1.3106
June	1.3336	1.3121	1.3206
July	1.3169	1.2938	1.3063
August	1.3279	1.3020	1.3156
September	1.3148	1.2847	1.3054
October	1.3287	1.3006	1.3142
November	1.3232	1.2944	1.3094
December	1.3158	1.3000	1.3065