2014 HNL to BGN Historical Review

YEARLY HIGH

0.0766 BGN

YEARLY LOW

0.0683 BGN

YEARLY AVERAGE

0.0723 BGN

2014 HNL to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0766. Conversely, the yearly low was recorded on June 30, dropping to 0.0683.

This high-to-low spread represents a total annual volatility of 0.0084 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0716 to the December average rate of 0.0753, the exchange rate registered a net change of 5.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0766 was down 4.31% compared to the 2013 peak of 0.0801, 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 383 BGN

2013 Average 367 BGN

Yearly Trough Low 341 BGN

Transaction Impact: A difference of 41.83 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0760

0.0683

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 0.0725, compared to 0.0721 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0725

H2 Avg (Jul–Dec) 0.0721

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0059 BGN (High: 0.0753 / Low: 0.0694). On the other end, February was the most stable month, with a tight range of 0.0007 BGN (High: 0.0730 / Low: 0.0723).

May Spread (Volatile) ±0.0059

February Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0051 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0753) against the same month in 2013 (average: 0.0700), the exchange rate shifted by +0.0054 (+7.65%).

2014 Avg (December) 0.0753

2013 Avg (December) 0.0700

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0727	0.0701	0.0716
February	0.0730	0.0723	0.0726
March	0.0741	0.0725	0.0732
April	0.0743	0.0736	0.0740
May	0.0753	0.0694	0.0742
June	0.0695	0.0683	0.0691
July	0.0699	0.0683	0.0690
August	0.0705	0.0695	0.0700
September	0.0734	0.0706	0.0719
October	0.0739	0.0720	0.0727
November	0.0745	0.0734	0.0739
December	0.0766	0.0740	0.0753