2014 BGN to VEF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 BGN to VEF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the BGN to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 4.4760. Conversely, the yearly low was recorded on December 31, dropping to 3.9229.
This high-to-low spread represents a total annual volatility of 0.5532 VEF. From a start-to-finish perspective, comparing the January average rate of 4.3791 to the December average rate of 3.9740, the exchange rate registered a net change of -9.25% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2014 high of 4.4760 was up 0.86% compared to the 2013 peak of 4.4379, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
BGN to VEF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.4072, compared to 4.1418 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2653 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was September, with a trading range of 0.1609 VEF (High: 4.2243 / Low: 4.0633). On the other end, November was the most stable month, with a tight range of 0.0414 VEF (High: 4.0341 / Low: 3.9927).
Growth Streaks & Declines
TrendsBetween January and March, 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 August and September, when the average rate fell by 0.1325 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2014: 4.4447) against the same month in 2013 (average: 3.1403), the exchange rate shifted by +1.3044 (+41.54%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.4274 | 4.3447 | 4.3791 |
| February | 4.4295 | 4.3370 | 4.3889 |
| March | 4.4760 | 4.4158 | 4.4447 |
| April | 4.4629 | 4.4051 | 4.4406 |
| May | 4.4740 | 4.3738 | 4.4159 |
| June | 4.3978 | 4.3549 | 4.3738 |
| July | 4.3978 | 4.3054 | 4.3554 |
| August | 4.3156 | 4.2259 | 4.2822 |
| September | 4.2243 | 4.0633 | 4.1497 |
| October | 4.1146 | 4.0368 | 4.0778 |
| November | 4.0341 | 3.9927 | 4.0120 |
| December | 4.0325 | 3.9229 | 3.9740 |