2024 GMD to BGN Historical Review

YEARLY HIGH

0.0271 BGN

YEARLY LOW

0.0246 BGN

YEARLY AVERAGE

0.0263 BGN

2024 GMD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 0.0271. Conversely, the yearly low was recorded on August 27, dropping to 0.0246.

This high-to-low spread represents a total annual volatility of 0.0025 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0266 to the December average rate of 0.0260, the exchange rate registered a net change of -2.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0271 was down 11.70% compared to the 2023 peak of 0.0307, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 136 BGN

2023 Average 145 BGN

Yearly Trough Low 123 BGN

Transaction Impact: A difference of 12.56 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0270

0.0252

JanuMarcMayJulySeptNove

GMD 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 0.0267, compared to 0.0258 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0267

H2 Avg (Jul–Dec) 0.0258

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0016 BGN (High: 0.0263 / Low: 0.0246). On the other end, March was the most stable month, with a tight range of 0.0004 BGN (High: 0.0267 / Low: 0.0263).

August Spread (Volatile) ±0.0016

March Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0012 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0269) against the same month in 2023 (average: 0.0288), the exchange rate shifted by -0.0020 (-6.79%).

2024 Avg (April) 0.0269

2023 Avg (April) 0.0288

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0268	0.0263	0.0266
February	0.0270	0.0266	0.0268
March	0.0267	0.0263	0.0265
April	0.0271	0.0265	0.0269
May	0.0271	0.0264	0.0267
June	0.0270	0.0265	0.0268
July	0.0269	0.0260	0.0266
August	0.0263	0.0246	0.0254
September	0.0257	0.0249	0.0253
October	0.0264	0.0253	0.0259
November	0.0264	0.0250	0.0259
December	0.0262	0.0257	0.0260