2020 HNL to BGN Historical Review

YEARLY HIGH

0.0736 BGN

YEARLY LOW

0.0658 BGN

YEARLY AVERAGE

0.0694 BGN

2020 HNL to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the HNL to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.0736. Conversely, the yearly low was recorded on December 30, dropping to 0.0658.

This high-to-low spread represents a total annual volatility of 0.0078 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0711 to the December average rate of 0.0663, the exchange rate registered a net change of -6.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0736 was down 38.10% compared to the 2019 peak of 0.1189, 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 368 BGN

2019 Average 356 BGN

Yearly Trough Low 329 BGN

Transaction Impact: A difference of 39.10 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0728

0.0657

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 0.0714, compared to 0.0674 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0040 points.

H1 Avg (Jan–Jun) 0.0714

H2 Avg (Jul–Dec) 0.0674

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0045 BGN (High: 0.0736 / Low: 0.0691). On the other end, December was the most stable month, with a tight range of 0.0009 BGN (High: 0.0666 / Low: 0.0658).

March Spread (Volatile) ±0.0045

December Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0021 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0711) against the same month in 2019 (average: 0.0706), the exchange rate shifted by +0.0005 (+0.76%).

2020 Avg (March) 0.0711

2019 Avg (March) 0.0706

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0717	0.0695	0.0711
February	0.0735	0.0711	0.0722
March	0.0736	0.0691	0.0711
April	0.0729	0.0714	0.0722
May	0.0725	0.0705	0.0718
June	0.0705	0.0690	0.0697
July	0.0700	0.0663	0.0686
August	0.0674	0.0663	0.0669
September	0.0682	0.0666	0.0672
October	0.0683	0.0672	0.0676
November	0.0685	0.0671	0.0677
December	0.0666	0.0658	0.0663