2016 BGN to VEF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 BGN to VEF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the BGN to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 5.8684. Conversely, the yearly low was recorded on January 5, dropping to 3.4813.
This high-to-low spread represents a total annual volatility of 2.3871 VEF. From a start-to-finish perspective, comparing the January average rate of 3.5110 to the December average rate of 5.3814, the exchange rate registered a net change of 53.27% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 5.8684 was up 50.37% compared to the 2015 peak of 3.9027, 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 2016.
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 4.6623, compared to 5.5999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9376 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 0.2828 VEF (High: 5.6737 / Low: 5.3909). On the other end, January was the most stable month, with a tight range of 0.0501 VEF (High: 3.5314 / Low: 3.4813).
Growth Streaks & Declines
TrendsBetween January and April, 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 November and December, when the average rate fell by 0.1243 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2016: 5.7597) against the same month in 2015 (average: 3.6060), the exchange rate shifted by +2.1537 (+59.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.5314 | 3.4813 | 3.5110 |
| February | 3.6550 | 3.5133 | 3.5880 |
| March | 3.6647 | 3.5129 | 3.6009 |
| April | 5.8292 | 5.7259 | 5.7814 |
| May | 5.8684 | 5.6700 | 5.7597 |
| June | 5.8051 | 5.6246 | 5.7326 |
| July | 5.6946 | 5.6054 | 5.6506 |
| August | 5.7779 | 5.6556 | 5.7156 |
| September | 5.7478 | 5.6932 | 5.7173 |
| October | 5.7253 | 5.5500 | 5.6288 |
| November | 5.6737 | 5.3909 | 5.5057 |
| December | 5.4743 | 5.3112 | 5.3814 |