YEARLY HIGH
0.4953 BGN
YEARLY LOW
0.4482 BGN
YEARLY AVERAGE
0.4687 BGN

2021 PGK to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PGK to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.4953. Conversely, the yearly low was recorded on January 3, dropping to 0.4482.

This high-to-low spread represents a total annual volatility of 0.0472 BGN. From a start-to-finish perspective, comparing the January average rate of 0.4549 to the December average rate of 0.4904, the exchange rate registered a net change of 7.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.4953 was down 7.97% compared to the 2020 peak of 0.5383, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,477 BGN
2020 Average 2,475 BGN
Yearly Trough Low 2,241 BGN
Transaction Impact: A difference of 235.83 BGN purely based on transaction execution date.

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0.4939
0.4513
JanuMarcMayJulySeptNove

PGK 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 0.4595, compared to 0.4779 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0184 points.

H1 Avg (Jan–Jun) 0.4595
H2 Avg (Jul–Dec) 0.4779

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0207 BGN (High: 0.4716 / Low: 0.4508). On the other end, October was the most stable month, with a tight range of 0.0062 BGN (High: 0.4816 / Low: 0.4753).

June Spread (Volatile) Âą0.0207
October Spread (Stable) Âą0.0062

Growth Streaks & Declines

Trends

Between August and December, 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 April and May, when the average rate fell by 0.0059 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0059

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.4904) against the same month in 2020 (average: 0.4570), the exchange rate shifted by +0.0333 (+7.30%).

2021 Avg (December) 0.4904
2020 Avg (December) 0.4570

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Month High Low Average
January 0.4598 0.4482 0.4549
February 0.4642 0.4531 0.4570
March 0.4744 0.4586 0.4656
April 0.4707 0.4569 0.4623
May 0.4625 0.4521 0.4563
June 0.4716 0.4508 0.4611
July 0.4753 0.4631 0.4707
August 0.4771 0.4662 0.4706
September 0.4797 0.4628 0.4713
October 0.4816 0.4753 0.4782
November 0.4936 0.4791 0.4865
December 0.4953 0.4869 0.4904