2019 HNL to BGN Historical Review

YEARLY HIGH

0.1189 BGN

YEARLY LOW

0.0689 BGN

YEARLY AVERAGE

0.0712 BGN

2019 HNL to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the HNL to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 0.1189. Conversely, the yearly low was recorded on June 11, dropping to 0.0689.

This high-to-low spread represents a total annual volatility of 0.0500 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0701 to the December average rate of 0.0727, the exchange rate registered a net change of 3.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.1189 was up 57.70% compared to the 2018 peak of 0.0754, 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 595 BGN

2018 Average 347 BGN

Yearly Trough Low 344 BGN

Transaction Impact: A difference of 250.23 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0730

0.0699

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 0.0707, compared to 0.0718 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0707

H2 Avg (Jul–Dec) 0.0718

Volatility Range Comparison

Volatility

The most volatile month in 2019 was December, with a trading range of 0.0483 BGN (High: 0.1189 / Low: 0.0706). On the other end, February was the most stable month, with a tight range of 0.0010 BGN (High: 0.0709 / Low: 0.0698).

December Spread (Volatile) ±0.0483

February Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between January and May, 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 May and June, when the average rate fell by 0.0016 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 0.0727) against the same month in 2018 (average: 0.0709), the exchange rate shifted by +0.0019 (+2.64%).

2019 Avg (December) 0.0727

2018 Avg (December) 0.0709

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0708	0.0694	0.0701
February	0.0709	0.0698	0.0704
March	0.0713	0.0699	0.0706
April	0.0717	0.0705	0.0710
May	0.0743	0.0706	0.0718
June	0.0716	0.0689	0.0702
July	0.0722	0.0702	0.0708
August	0.0725	0.0708	0.0716
September	0.0728	0.0715	0.0722
October	0.0730	0.0709	0.0716
November	0.0722	0.0710	0.0717
December	0.1189	0.0706	0.0727