YEARLY HIGH
9.7141 MVR
YEARLY LOW
8.8213 MVR
YEARLY AVERAGE
9.3357 MVR

2021 BGN to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BGN to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 9.7141. Conversely, the yearly low was recorded on November 24, dropping to 8.8213.

This high-to-low spread represents a total annual volatility of 0.8927 MVR. From a start-to-finish perspective, comparing the January average rate of 9.5865 to the December average rate of 8.9201, the exchange rate registered a net change of -6.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 9.7141 was up 0.43% compared to the 2020 peak of 9.6721, 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 48,570 MVR
2020 Average 45,024 MVR
Yearly Trough Low 44,107 MVR
Transaction Impact: A difference of 4,463.70 MVR purely based on transaction execution date.

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9.6531
8.8534
JanuMarcMayJulySeptNove

BGN to MVR 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 9.5050, compared to 9.1664 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3385 points.

H1 Avg (Jan–Jun) 9.5050
H2 Avg (Jul–Dec) 9.1664

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.3658 MVR (High: 9.6660 / Low: 9.3002). On the other end, December was the most stable month, with a tight range of 0.1137 MVR (High: 8.9656 / Low: 8.8519).

June Spread (Volatile) Âą0.3658
December Spread (Stable) Âą0.1137

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.1866 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1866

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 9.5865) against the same month in 2020 (average: 8.7735), the exchange rate shifted by +0.8130 (+9.27%).

2021 Avg (January) 9.5865
2020 Avg (January) 8.7735

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Month High Low Average
January 9.7141 9.5011 9.5865
February 9.5894 9.4313 9.5288
March 9.5152 9.2464 9.3899
April 9.5705 9.2898 9.4469
May 9.6637 9.4233 9.5729
June 9.6660 9.3002 9.5047
July 9.3814 9.2620 9.3181
August 9.3725 9.2224 9.2980
September 9.3887 9.1480 9.2970
October 9.2261 9.0775 9.1578
November 9.1652 8.8213 9.0077
December 8.9656 8.8519 8.9201