YEARLY HIGH
9.5809 TRY
YEARLY LOW
4.2990 TRY
YEARLY AVERAGE
5.3518 TRY

2021 BGN to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BGN to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 9.5809. Conversely, the yearly low was recorded on February 17, dropping to 4.2990.

This high-to-low spread represents a total annual volatility of 5.2819 TRY. From a start-to-finish perspective, comparing the January average rate of 4.6053 to the December average rate of 7.7747, the exchange rate registered a net change of 68.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 9.5809 was up 85.15% compared to the 2020 peak of 5.1747, 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 47,905 TRY
2020 Average 20,555 TRY
Yearly Trough Low 21,495 TRY
Transaction Impact: A difference of 26,409.64 TRY purely based on transaction execution date.

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8.1128
4.0559
JanuMarcMayJulySeptNove

BGN to TRY 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 4.8678, compared to 5.8358 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9680 points.

H1 Avg (Jan–Jun) 4.8678
H2 Avg (Jul–Dec) 5.8358

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 3.3908 TRY (High: 9.5809 / Low: 6.1901). On the other end, January was the most stable month, with a tight range of 0.1310 TRY (High: 4.6497 / Low: 4.5187).

December Spread (Volatile) Âą3.3908
January Spread (Stable) Âą0.1310

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2113 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.2113

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 7.7747) against the same month in 2020 (average: 4.7928), the exchange rate shifted by +2.9819 (+62.22%).

2021 Avg (December) 7.7747
2020 Avg (December) 4.7928

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Month High Low Average
January 4.6497 4.5187 4.6053
February 4.6013 4.2990 4.3940
March 4.9850 4.3889 4.6798
April 5.2066 4.8806 5.0030
May 5.3486 5.0783 5.2097
June 5.4025 5.1945 5.3149
July 5.2737 5.1277 5.1974
August 5.1926 5.0232 5.1022
September 5.3243 5.0267 5.1621
October 5.7849 5.2415 5.4799
November 7.8291 5.6626 6.2983
December 9.5809 6.1901 7.7747