2024 BGN to UAH Historical Review

YEARLY HIGH

23.6695 UAH

YEARLY LOW

20.6476 UAH

YEARLY AVERAGE

22.2249 UAH

2024 BGN to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 23.6695. Conversely, the yearly low was recorded on February 5, dropping to 20.6476.

This high-to-low spread represents a total annual volatility of 3.0219 UAH. From a start-to-finish perspective, comparing the January average rate of 21.1075 to the December average rate of 22.3708, the exchange rate registered a net change of 5.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 23.6695 was up 9.37% compared to the 2023 peak of 21.6423, 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 118,347 UAH

2023 Average 101,786 UAH

Yearly Trough Low 103,238 UAH

Transaction Impact: A difference of 15,109.52 UAH purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

23.6870

20.7187

JanuMarcMayJulySeptNove

BGN to UAH 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 21.5723, compared to 22.8776 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3052 points.

H1 Avg (Jan–Jun) 21.5723

H2 Avg (Jul–Dec) 22.8776

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.1383 UAH (High: 23.1740 / Low: 22.0357). On the other end, December was the most stable month, with a tight range of 0.2661 UAH (High: 22.5188 / Low: 22.2526).

November Spread (Volatile) ±1.1383

December Spread (Stable) ±0.2661

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.4971 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.4971

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 23.4397) against the same month in 2023 (average: 20.1533), the exchange rate shifted by +3.2863 (+16.31%).

2024 Avg (September) 23.4397

2023 Avg (September) 20.1533

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.5220	20.7388	21.1075
February	21.3708	20.6476	20.9661
March	21.8371	21.0940	21.5175
April	21.7403	21.3424	21.5907
May	22.4822	21.6013	21.9688
June	22.4978	22.0890	22.2833
July	23.1707	22.3120	22.7542
August	23.6461	22.6892	23.2104
September	23.6695	23.1866	23.4397
October	23.3645	22.7252	22.9937
November	23.1740	22.0357	22.4966
December	22.5188	22.2526	22.3708