2022 BGN to TOP Historical Review

YEARLY HIGH

1.3353 TOP

YEARLY LOW

1.1884 TOP

YEARLY AVERAGE

1.2549 TOP

2022 BGN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the BGN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 1.3353. Conversely, the yearly low was recorded on September 25, dropping to 1.1884.

This high-to-low spread represents a total annual volatility of 0.1469 TOP. From a start-to-finish perspective, comparing the January average rate of 1.3171 to the December average rate of 1.2696, the exchange rate registered a net change of -3.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 1.3353 was down 6.64% compared to the 2021 peak of 1.4303, 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 6,677 TOP

2021 Average 6,852 TOP

Yearly Trough Low 5,942 TOP

Transaction Impact: A difference of 734.61 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

1.3279

1.1974

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 1.2790, compared to 1.2307 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0483 points.

H1 Avg (Jan–Jun) 1.2790

H2 Avg (Jul–Dec) 1.2307

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0638 TOP (High: 1.2678 / Low: 1.2040). On the other end, June was the most stable month, with a tight range of 0.0265 TOP (High: 1.2670 / Low: 1.2405).

November Spread (Volatile) ±0.0638

June Spread (Stable) ±0.0265

Growth Streaks & Declines

Trends

Between September and December, 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 February and March, when the average rate fell by 0.0413 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0413

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 1.3171) against the same month in 2021 (average: 1.4195), the exchange rate shifted by -0.1025 (-7.22%).

2022 Avg (January) 1.3171

2021 Avg (January) 1.4195

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3353	1.2956	1.3171
February	1.3300	1.3013	1.3154
March	1.2981	1.2580	1.2742
April	1.2715	1.2380	1.2553
May	1.2700	1.2383	1.2554
June	1.2670	1.2405	1.2569
July	1.2482	1.2071	1.2249
August	1.2315	1.1902	1.2096
September	1.2238	1.1884	1.2083
October	1.2505	1.2116	1.2247
November	1.2678	1.2040	1.2472
December	1.2824	1.2500	1.2696