2021 TOP to BGN Historical Review

YEARLY HIGH

0.7695 BGN

YEARLY LOW

0.6992 BGN

YEARLY AVERAGE

0.7300 BGN

2021 TOP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.7695. Conversely, the yearly low was recorded on January 5, dropping to 0.6992.

This high-to-low spread represents a total annual volatility of 0.0703 BGN. From a start-to-finish perspective, comparing the January average rate of 0.7045 to the December average rate of 0.7576, the exchange rate registered a net change of 7.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.7695 was down 1.90% compared to the 2020 peak of 0.7844, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,848 BGN

2020 Average 3,727 BGN

Yearly Trough Low 3,496 BGN

Transaction Impact: A difference of 351.65 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.7649

0.6989

JanuMarcMayJulySeptNove

TOP 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 0.7152, compared to 0.7449 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0297 points.

H1 Avg (Jan–Jun) 0.7152

H2 Avg (Jul–Dec) 0.7449

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0239 BGN (High: 0.7299 / Low: 0.7060). On the other end, December was the most stable month, with a tight range of 0.0064 BGN (High: 0.7593 / Low: 0.7529).

March Spread (Volatile) ±0.0239

December Spread (Stable) ±0.0064

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0034 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.7594) against the same month in 2020 (average: 0.7176), the exchange rate shifted by +0.0417 (+5.82%).

2021 Avg (November) 0.7594

2020 Avg (November) 0.7176

मासिक विश्लेषण

प्रत्येक कॅलेंडर महिन्यासाठी सांख्यिकीय सारांश.

Month	High	Low	Average
January	0.7111	0.6992	0.7045
February	0.7104	0.7003	0.7044
March	0.7299	0.7060	0.7211
April	0.7266	0.7127	0.7186
May	0.7209	0.7098	0.7152
June	0.7375	0.7180	0.7272
July	0.7365	0.7280	0.7325
August	0.7398	0.7281	0.7342
September	0.7420	0.7321	0.7372
October	0.7577	0.7427	0.7485
November	0.7695	0.7511	0.7594
December	0.7593	0.7529	0.7576

२०२५ भारतीय रुपया ते ब्रिटिश पाउंड ऐतिहासिक आढावा