YEARLY HIGH
0.0052 BGN
YEARLY LOW
0.0047 BGN
YEARLY AVERAGE
0.0049 BGN

2024 HUF to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HUF to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.0052. Conversely, the yearly low was recorded on December 18, dropping to 0.0047.

This high-to-low spread represents a total annual volatility of 0.0005 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0051 to the December average rate of 0.0047, the exchange rate registered a net change of -7.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0052 was down 2.46% compared to the 2023 peak of 0.0053, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 5,179 BGN
2023 Average 5,125 BGN
Yearly Trough Low 4,712 BGN
Transaction Impact: A difference of 467.38 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0052
0.0047
JanuMarcMayJulySeptNove

HUF 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 0.0050, compared to 0.0049 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0050
H2 Avg (Jul–Dec) 0.0049

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0002 BGN (High: 0.0052 / Low: 0.0050). On the other end, September was the most stable month, with a tight range of 0.0001 BGN (High: 0.0050 / Low: 0.0049).

January Spread (Volatile) ±0.0002
September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0051) against the same month in 2023 (average: 0.0050), the exchange rate shifted by +0.0002 (+3.31%).

2024 Avg (January) 0.0051
2023 Avg (January) 0.0050

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0052 0.0050 0.0051
February 0.0051 0.0050 0.0050
March 0.0050 0.0049 0.0050
April 0.0050 0.0049 0.0050
May 0.0051 0.0050 0.0050
June 0.0050 0.0049 0.0050
July 0.0050 0.0049 0.0050
August 0.0050 0.0049 0.0050
September 0.0050 0.0049 0.0050
October 0.0049 0.0048 0.0049
November 0.0048 0.0047 0.0048
December 0.0048 0.0047 0.0047