2024 GBP to BGN Historical Review

YEARLY HIGH

2.3783 BGN

YEARLY LOW

2.2549 BGN

YEARLY AVERAGE

2.3101 BGN

2024 GBP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GBP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 2.3783. Conversely, the yearly low was recorded on January 1, dropping to 2.2549.

This high-to-low spread represents a total annual volatility of 0.1235 BGN. From a start-to-finish perspective, comparing the January average rate of 2.2785 to the December average rate of 2.3593, the exchange rate registered a net change of 3.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.3783 was up 3.42% compared to the 2023 peak of 2.2996, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,892 BGN

2023 Average 11,243 BGN

Yearly Trough Low 11,274 BGN

Transaction Impact: A difference of 617.37 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3674

2.2704

JanuMarcMayJulySeptNove

GBP 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 2.2883, compared to 2.3319 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0435 points.

H1 Avg (Jan–Jun) 2.2883

H2 Avg (Jul–Dec) 2.3319

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0521 BGN (High: 2.3236 / Low: 2.2715). On the other end, February was the most stable month, with a tight range of 0.0152 BGN (High: 2.2975 / Low: 2.2823).

August Spread (Volatile) ±0.0521

February Spread (Stable) ±0.0152

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 July and August, when the average rate fell by 0.0224 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0224

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 2.3593) against the same month in 2023 (average: 2.2687), the exchange rate shifted by +0.0906 (+4.00%).

2024 Avg (December) 2.3593

2023 Avg (December) 2.2687

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2972	2.2549	2.2785
February	2.2975	2.2823	2.2889
March	2.2991	2.2684	2.2864
April	2.2918	2.2671	2.2815
May	2.3014	2.2704	2.2858
June	2.3227	2.2953	2.3091
July	2.3287	2.3034	2.3194
August	2.3236	2.2715	2.2970
September	2.3483	2.3143	2.3276
October	2.3531	2.3174	2.3416
November	2.3637	2.3223	2.3463
December	2.3783	2.3476	2.3593