YEARLY HIGH
9.6807 ZAR
YEARLY LOW
8.3528 ZAR
YEARLY AVERAGE
8.9411 ZAR

2021 BGN to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BGN to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 9.6807. Conversely, the yearly low was recorded on June 6, dropping to 8.3528.

This high-to-low spread represents a total annual volatility of 1.3280 ZAR. From a start-to-finish perspective, comparing the January average rate of 9.4077 to the December average rate of 9.1741, the exchange rate registered a net change of -2.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 9.6807 was down 9.15% compared to the 2020 peak of 10.6562, 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 48,404 ZAR
2020 Average 48,016 ZAR
Yearly Trough Low 41,764 ZAR
Transaction Impact: A difference of 6,639.77 ZAR purely based on transaction execution date.

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9.4918
8.4832
JanuMarcMayJulySeptNove

BGN to ZAR 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 8.9618, compared to 8.9203 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0415 points.

H1 Avg (Jan–Jun) 8.9618
H2 Avg (Jul–Dec) 8.9203

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.5843 ZAR (High: 9.4225 / Low: 8.8382). On the other end, April was the most stable month, with a tight range of 0.2545 ZAR (High: 8.9241 / Low: 8.6696).

November Spread (Volatile) Âą0.5843
April Spread (Stable) Âą0.2545

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.2967 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2967

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 9.4077) against the same month in 2020 (average: 8.1780), the exchange rate shifted by +1.2297 (+15.04%).

2021 Avg (January) 9.4077
2020 Avg (January) 8.1780

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Month High Low Average
January 9.6807 9.1494 9.4077
February 9.3665 8.9616 9.1350
March 9.4191 8.8515 9.1152
April 8.9241 8.6696 8.8185
May 8.9172 8.5793 8.7274
June 8.7331 8.3528 8.5672
July 8.9473 8.6038 8.7718
August 9.1570 8.6849 8.9012
September 9.0528 8.5427 8.7798
October 9.0321 8.5845 8.8217
November 9.4225 8.8382 9.0732
December 9.3041 8.9928 9.1741