2021 MAD to BGN Historical Review

YEARLY HIGH

0.1886 BGN

YEARLY LOW

0.1794 BGN

YEARLY AVERAGE

0.1840 BGN

2021 MAD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MAD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.1886. Conversely, the yearly low was recorded on January 2, dropping to 0.1794.

This high-to-low spread represents a total annual volatility of 0.0092 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1804 to the December average rate of 0.1870, the exchange rate registered a net change of 3.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1886 was up 1.21% compared to the 2020 peak of 0.1863, 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 943 BGN

2020 Average 903 BGN

Yearly Trough Low 897 BGN

Transaction Impact: A difference of 46.18 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1878

0.1798

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 0.1819, compared to 0.1860 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0040 points.

H1 Avg (Jan–Jun) 0.1819

H2 Avg (Jul–Dec) 0.1860

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0042 BGN (High: 0.1854 / Low: 0.1811). On the other end, February was the most stable month, with a tight range of 0.0009 BGN (High: 0.1813 / Low: 0.1804).

June Spread (Volatile) ±0.0042

February Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0008 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.1872) against the same month in 2020 (average: 0.1808), the exchange rate shifted by +0.0064 (+3.51%).

2021 Avg (November) 0.1872

2020 Avg (November) 0.1808

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1824	0.1794	0.1804
February	0.1813	0.1804	0.1808
March	0.1843	0.1812	0.1826
April	0.1840	0.1815	0.1827
May	0.1828	0.1807	0.1819
June	0.1854	0.1811	0.1833
July	0.1855	0.1844	0.1850
August	0.1863	0.1845	0.1853
September	0.1863	0.1844	0.1851
October	0.1874	0.1850	0.1863
November	0.1886	0.1857	0.1872
December	0.1882	0.1856	0.1870