2011 HNL to BGN Historical Review

YEARLY HIGH

0.0801 BGN

YEARLY LOW

0.0695 BGN

YEARLY AVERAGE

0.0744 BGN

2011 HNL to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HNL to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 0.0801. Conversely, the yearly low was recorded on May 4, dropping to 0.0695.

This high-to-low spread represents a total annual volatility of 0.0107 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0774 to the December average rate of 0.0783, the exchange rate registered a net change of 1.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0801 was down 7.45% compared to the 2010 peak of 0.0866, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 401 BGN

2010 Average 390 BGN

Yearly Trough Low 347 BGN

Transaction Impact: A difference of 53.27 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0790

0.0709

JanuMarcMayJulySeptNove

HNL 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 0.0738, compared to 0.0750 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0738

H2 Avg (Jul–Dec) 0.0750

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0057 BGN (High: 0.0784 / Low: 0.0728). On the other end, August was the most stable month, with a tight range of 0.0020 BGN (High: 0.0736 / Low: 0.0716).

October Spread (Volatile) ±0.0057

August Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0023 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0774) against the same month in 2010 (average: 0.0725), the exchange rate shifted by +0.0049 (+6.75%).

2011 Avg (January) 0.0774

2010 Avg (January) 0.0725

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0801	0.0754	0.0774
February	0.0769	0.0748	0.0758
March	0.0751	0.0727	0.0739
April	0.0731	0.0696	0.0716
May	0.0738	0.0695	0.0720
June	0.0734	0.0706	0.0719
July	0.0740	0.0713	0.0725
August	0.0736	0.0716	0.0725
September	0.0771	0.0726	0.0752
October	0.0784	0.0728	0.0753
November	0.0783	0.0747	0.0762
December	0.0801	0.0765	0.0783