2014 GGP to BGN Historical Review

YEARLY HIGH

1.6118 BGN

YEARLY LOW

1.4059 BGN

YEARLY AVERAGE

1.4753 BGN

2014 GGP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GGP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.6118. Conversely, the yearly low was recorded on March 18, dropping to 1.4059.

This high-to-low spread represents a total annual volatility of 0.2059 BGN. From a start-to-finish perspective, comparing the January average rate of 1.4369 to the December average rate of 1.5890, the exchange rate registered a net change of 10.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.6118 was up 5.44% compared to the 2013 peak of 1.5287, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,059 BGN

2013 Average 7,370 BGN

Yearly Trough Low 7,030 BGN

Transaction Impact: A difference of 1,029.40 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.6063

1.3984

JanuMarcMayJulySeptNove

GGP 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 1.4280, compared to 1.5226 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0946 points.

H1 Avg (Jan–Jun) 1.4280

H2 Avg (Jul–Dec) 1.5226

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0606 BGN (High: 1.5495 / Low: 1.4889). On the other end, June was the most stable month, with a tight range of 0.0150 BGN (High: 1.4460 / Low: 1.4310).

September Spread (Volatile) ±0.0606

June Spread (Stable) ±0.0150

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0180 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0180

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.5890) against the same month in 2013 (average: 1.4289), the exchange rate shifted by +0.1601 (+11.21%).

2014 Avg (December) 1.5890

2013 Avg (December) 1.4289

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4480	1.4207	1.4369
February	1.4506	1.4204	1.4337
March	1.4248	1.4059	1.4157
April	1.4285	1.4098	1.4172
May	1.4385	1.4066	1.4251
June	1.4460	1.4310	1.4391
July	1.4618	1.4310	1.4450
August	1.4890	1.4580	1.4696
September	1.5495	1.4889	1.5184
October	1.5620	1.5298	1.5445
November	1.5801	1.5606	1.5691
December	1.6118	1.5650	1.5890