2013 MAD to BGN Historical Review

YEARLY HIGH

0.1766 BGN

YEARLY LOW

0.1737 BGN

YEARLY AVERAGE

0.1753 BGN

2013 MAD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the MAD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 4, valuing the pair at 0.1766. Conversely, the yearly low was recorded on December 15, dropping to 0.1737.

This high-to-low spread represents a total annual volatility of 0.0029 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1753 to the December average rate of 0.1742, the exchange rate registered a net change of -0.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.1766 was down 1.28% compared to the 2012 peak of 0.1789, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 883 BGN

2012 Average 882 BGN

Yearly Trough Low 869 BGN

Transaction Impact: A difference of 14.56 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.1764

0.1740

JanuMarcMayJulySeptNove

MAD 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 0.1757, compared to 0.1749 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.1757

H2 Avg (Jul–Dec) 0.1749

Volatility Range Comparison

Volatility

The most volatile month in 2013 was February, with a trading range of 0.0015 BGN (High: 0.1759 / Low: 0.1745). On the other end, August was the most stable month, with a tight range of 0.0005 BGN (High: 0.1754 / Low: 0.1749).

February Spread (Volatile) ±0.0015

August Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0007 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2013: 0.1760) against the same month in 2012 (average: 0.1756), the exchange rate shifted by +0.0004 (+0.23%).

2013 Avg (April) 0.1760

2012 Avg (April) 0.1756

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1760	0.1747	0.1753
February	0.1759	0.1745	0.1752
March	0.1766	0.1758	0.1762
April	0.1766	0.1755	0.1760
May	0.1764	0.1755	0.1761
June	0.1762	0.1749	0.1756
July	0.1764	0.1752	0.1758
August	0.1754	0.1749	0.1752
September	0.1755	0.1746	0.1751
October	0.1746	0.1739	0.1744
November	0.1753	0.1742	0.1748
December	0.1748	0.1737	0.1742