2014 BND to BGN Historical Review

YEARLY HIGH

1.2199 BGN

YEARLY LOW

1.1117 BGN

YEARLY AVERAGE

1.1639 BGN

2014 BND to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BND to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 1.2199. Conversely, the yearly low was recorded on March 19, dropping to 1.1117.

This high-to-low spread represents a total annual volatility of 0.1082 BGN. From a start-to-finish perspective, comparing the January average rate of 1.1291 to the December average rate of 1.2070, the exchange rate registered a net change of 6.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.2199 was down 1.03% compared to the 2013 peak of 1.2326, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,100 BGN

2013 Average 5,892 BGN

Yearly Trough Low 5,559 BGN

Transaction Impact: A difference of 541.03 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.2208

1.1081

JanuMarcMayJulySeptNove

BND 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 1.1327, compared to 1.1951 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0623 points.

H1 Avg (Jan–Jun) 1.1327

H2 Avg (Jul–Dec) 1.1951

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0267 BGN (High: 1.2161 / Low: 1.1894). On the other end, April was the most stable month, with a tight range of 0.0098 BGN (High: 1.1343 / Low: 1.1245).

September Spread (Volatile) ±0.0267

April Spread (Stable) ±0.0098

Growth Streaks & Declines

Trends

Between March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0144 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0144

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 1.2114) against the same month in 2013 (average: 1.1630), the exchange rate shifted by +0.0484 (+4.16%).

2014 Avg (November) 1.2114

2013 Avg (November) 1.1630

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1358	1.1162	1.1291
February	1.1415	1.1210	1.1319
March	1.1304	1.1117	1.1175
April	1.1343	1.1245	1.1291
May	1.1460	1.1258	1.1383
June	1.1583	1.1434	1.1505
July	1.1741	1.1479	1.1624
August	1.1906	1.1666	1.1770
September	1.2161	1.1894	1.2014
October	1.2193	1.2017	1.2113
November	1.2199	1.1977	1.2114
December	1.2168	1.1959	1.2070