2022 MAD to BGN Historical Review

YEARLY HIGH

0.1911 BGN

YEARLY LOW

0.1746 BGN

YEARLY AVERAGE

0.1832 BGN

2022 MAD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MAD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 11, valuing the pair at 0.1911. Conversely, the yearly low was recorded on November 11, dropping to 0.1746.

This high-to-low spread represents a total annual volatility of 0.0165 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1860 to the December average rate of 0.1757, the exchange rate registered a net change of -5.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.1911 was up 1.32% compared to the 2021 peak of 0.1886, 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 955 BGN

2021 Average 920 BGN

Yearly Trough Low 873 BGN

Transaction Impact: A difference of 82.66 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.1888

0.1746

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 0.1844, compared to 0.1820 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.1844

H2 Avg (Jul–Dec) 0.1820

Volatility Range Comparison

Volatility

The most volatile month in 2022 was July, with a trading range of 0.0077 BGN (High: 0.1911 / Low: 0.1834). On the other end, January was the most stable month, with a tight range of 0.0022 BGN (High: 0.1869 / Low: 0.1847).

July Spread (Volatile) ±0.0077

January Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0040 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0040

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2022: 0.1876) against the same month in 2021 (average: 0.1850), the exchange rate shifted by +0.0026 (+1.42%).

2022 Avg (July) 0.1876

2021 Avg (July) 0.1850

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1869	0.1847	0.1860
February	0.1849	0.1826	0.1836
March	0.1843	0.1788	0.1826
April	0.1863	0.1821	0.1841
May	0.1864	0.1831	0.1850
June	0.1878	0.1828	0.1852
July	0.1911	0.1834	0.1876
August	0.1879	0.1839	0.1857
September	0.1872	0.1804	0.1837
October	0.1835	0.1792	0.1815
November	0.1820	0.1746	0.1775
December	0.1773	0.1746	0.1757