YEARLY HIGH
0.0413 BGN
YEARLY LOW
0.0076 BGN
YEARLY AVERAGE
0.0378 BGN

2021 ETB to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ETB to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 0.0413. Conversely, the yearly low was recorded on December 27, dropping to 0.0076.

This high-to-low spread represents a total annual volatility of 0.0337 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0408 to the December average rate of 0.0347, the exchange rate registered a net change of -14.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0413 was down 27.04% compared to the 2020 peak of 0.0567, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ETB based on timing:

Yearly Peak High 207 BGN
2020 Average 247 BGN
Yearly Trough Low 38 BGN
Transaction Impact: A difference of 168.54 BGN purely based on transaction execution date.

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0.0414
0.0341
JanuMarcMayJulySeptNove

ETB to BGN 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 0.0394, compared to 0.0362 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0032 points.

H1 Avg (Jan–Jun) 0.0394
H2 Avg (Jul–Dec) 0.0362

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0285 BGN (High: 0.0361 / Low: 0.0076). On the other end, July was the most stable month, with a tight range of 0.0007 BGN (High: 0.0378 / Low: 0.0371).

December Spread (Volatile) Âą0.0285
July Spread (Stable) Âą0.0007

Growth Streaks & Declines

Trends

Between September and November, 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 April and May, when the average rate fell by 0.0015 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.0406) against the same month in 2020 (average: 0.0558), the exchange rate shifted by -0.0152 (-27.26%).

2021 Avg (February) 0.0406
2020 Avg (February) 0.0558

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Month High Low Average
January 0.0411 0.0403 0.0408
February 0.0413 0.0398 0.0406
March 0.0413 0.0399 0.0406
April 0.0405 0.0384 0.0393
May 0.0386 0.0367 0.0378
June 0.0381 0.0369 0.0374
July 0.0378 0.0371 0.0375
August 0.0374 0.0363 0.0368
September 0.0365 0.0358 0.0360
October 0.0366 0.0354 0.0361
November 0.0366 0.0356 0.0361
December 0.0361 0.0076 0.0347