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2021 BGN to THB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the BGN to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 20.2492. Conversely, the yearly low was recorded on February 4, dropping to 18.4217.
This high-to-low spread represents a total annual volatility of 1.8276 THB. From a start-to-finish perspective, comparing the January average rate of 18.6773 to the December average rate of 19.3815, the exchange rate registered a net change of 3.77% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 20.2492 was up 6.30% compared to the 2020 peak of 19.0487, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BGN based on timing:
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BGN to THB 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: JanâJun) was 18.9770, compared to 19.6825 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.7055 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 0.8726 THB (High: 19.7597 / Low: 18.8871). On the other end, March was the most stable month, with a tight range of 0.2582 THB (High: 18.8354 / Low: 18.5772).
Growth Streaks & Declines
TrendsBetween February and May, 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 October and November, when the average rate fell by 0.5383 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2021: 19.9055) against the same month in 2020 (average: 18.8891), the exchange rate shifted by +1.0164 (+5.38%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 18.8653 | 18.5183 | 18.6773 |
| February | 18.8808 | 18.4217 | 18.5719 |
| March | 18.8354 | 18.5772 | 18.7198 |
| April | 19.4315 | 18.7680 | 19.1500 |
| May | 19.6382 | 19.1123 | 19.4091 |
| June | 19.5520 | 19.0402 | 19.3339 |
| July | 19.9552 | 19.4336 | 19.7384 |
| August | 20.1446 | 19.4311 | 19.9127 |
| September | 20.2492 | 19.5620 | 19.9055 |
| October | 20.0700 | 19.6401 | 19.8475 |
| November | 19.7597 | 18.8871 | 19.3092 |
| December | 19.5589 | 19.1619 | 19.3815 |