2020 ETB to BGN Historical Review

YEARLY HIGH

0.0567 BGN

YEARLY LOW

0.0405 BGN

YEARLY AVERAGE

0.0494 BGN

2020 ETB to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ETB to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 0.0567. Conversely, the yearly low was recorded on December 30, dropping to 0.0405.

This high-to-low spread represents a total annual volatility of 0.0162 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0549 to the December average rate of 0.0415, the exchange rate registered a net change of -24.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0567 was down 7.84% compared to the 2019 peak of 0.0615, 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 283 BGN

2019 Average 299 BGN

Yearly Trough Low 202 BGN

Transaction Impact: A difference of 80.93 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0572

0.0401

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 0.0539, compared to 0.0450 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0089 points.

H1 Avg (Jan–Jun) 0.0539

H2 Avg (Jul–Dec) 0.0450

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0032 BGN (High: 0.0561 / Low: 0.0530). On the other end, September was the most stable month, with a tight range of 0.0012 BGN (High: 0.0460 / Low: 0.0448).

March Spread (Volatile) ±0.0032

September Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0026 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 0.0558) against the same month in 2019 (average: 0.0605), the exchange rate shifted by -0.0047 (-7.79%).

2020 Avg (February) 0.0558

2019 Avg (February) 0.0605

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0556	0.0544	0.0549
February	0.0567	0.0548	0.0558
March	0.0561	0.0530	0.0543
April	0.0554	0.0536	0.0545
May	0.0545	0.0515	0.0531
June	0.0513	0.0496	0.0505
July	0.0499	0.0469	0.0485
August	0.0474	0.0454	0.0462
September	0.0460	0.0448	0.0453
October	0.0454	0.0440	0.0447
November	0.0445	0.0429	0.0436
December	0.0424	0.0405	0.0415