2014 MAD to BGN Historical Review

YEARLY HIGH

0.1782 BGN

YEARLY LOW

0.1736 BGN

YEARLY AVERAGE

0.1753 BGN

2014 MAD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.1782. Conversely, the yearly low was recorded on May 5, dropping to 0.1736.

This high-to-low spread represents a total annual volatility of 0.0046 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1745 to the December average rate of 0.1778, the exchange rate registered a net change of 1.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1782 was up 0.88% compared to the 2013 peak of 0.1766, 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 891 BGN

2013 Average 877 BGN

Yearly Trough Low 868 BGN

Transaction Impact: A difference of 23.03 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1781

0.1737

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 0.1743, compared to 0.1763 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.1743

H2 Avg (Jul–Dec) 0.1763

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0014 BGN (High: 0.1770 / Low: 0.1755). On the other end, June was the most stable month, with a tight range of 0.0005 BGN (High: 0.1748 / Low: 0.1743).

September Spread (Volatile) ±0.0014

June Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0005 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.1778) against the same month in 2013 (average: 0.1742), the exchange rate shifted by +0.0036 (+2.07%).

2014 Avg (December) 0.1778

2013 Avg (December) 0.1742

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1750	0.1739	0.1745
February	0.1750	0.1743	0.1745
March	0.1744	0.1737	0.1741
April	0.1744	0.1738	0.1742
May	0.1747	0.1736	0.1742
June	0.1748	0.1743	0.1745
July	0.1752	0.1741	0.1746
August	0.1756	0.1748	0.1752
September	0.1770	0.1755	0.1762
October	0.1771	0.1762	0.1767
November	0.1777	0.1768	0.1773
December	0.1782	0.1773	0.1778