2024 BGN to TRY Historical Review

YEARLY HIGH

19.5317 TRY

YEARLY LOW

16.6353 TRY

YEARLY AVERAGE

18.1918 TRY

2024 BGN to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 19.5317. Conversely, the yearly low was recorded on January 3, dropping to 16.6353.

This high-to-low spread represents a total annual volatility of 2.8964 TRY. From a start-to-finish perspective, comparing the January average rate of 16.7837 to the December average rate of 18.7441, the exchange rate registered a net change of 11.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 19.5317 was up 16.82% compared to the 2023 peak of 16.7193, 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 97,659 TRY

2023 Average 65,908 TRY

Yearly Trough Low 83,176 TRY

Transaction Impact: A difference of 14,482.10 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

19.6056

16.5272

JanuMarcMayJulySeptNove

BGN to TRY 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 17.5213, compared to 18.8622 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3409 points.

H1 Avg (Jan–Jun) 17.5213

H2 Avg (Jul–Dec) 18.8622

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 1.1872 TRY (High: 19.4852 / Low: 18.2981). On the other end, December was the most stable month, with a tight range of 0.1959 TRY (High: 18.8217 / Low: 18.6258).

August Spread (Volatile) ±1.1872

December Spread (Stable) ±0.1959

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.3593 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3593

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 19.3491) against the same month in 2023 (average: 14.7443), the exchange rate shifted by +4.6048 (+31.23%).

2024 Avg (September) 19.3491

2023 Avg (September) 14.7443

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.8701	16.6353	16.7837
February	17.3045	16.7732	17.0016
March	18.0808	17.3886	17.8196
April	17.8996	17.6094	17.7442
May	17.9529	17.7180	17.8393
June	18.1565	17.7760	17.9394
July	18.4970	17.8879	18.2676
August	19.4852	18.2981	18.9962
September	19.5317	19.1467	19.3491
October	19.3506	18.8846	19.0878
November	19.1674	18.3977	18.7285
December	18.8217	18.6258	18.7441