2024 MVR to BGN Historical Review

YEARLY HIGH

0.1261 BGN

YEARLY LOW

0.1137 BGN

YEARLY AVERAGE

0.1174 BGN

2024 MVR to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.1261. Conversely, the yearly low was recorded on August 21, dropping to 0.1137.

This high-to-low spread represents a total annual volatility of 0.0124 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1164 to the December average rate of 0.1212, the exchange rate registered a net change of 4.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1261 was up 3.78% compared to the 2023 peak of 0.1215, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 631 BGN

2023 Average 588 BGN

Yearly Trough Low 569 BGN

Transaction Impact: A difference of 62.02 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1219

0.1140

JanuMarcMayJulySeptNove

MVR 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 0.1173, compared to 0.1174 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.1173

H2 Avg (Jul–Dec) 0.1174

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0100 BGN (High: 0.1261 / Low: 0.1162). On the other end, September was the most stable month, with a tight range of 0.0018 BGN (High: 0.1156 / Low: 0.1139).

May Spread (Volatile) ±0.0100

September Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.0017 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.1173) against the same month in 2023 (average: 0.1173), the exchange rate shifted by +0.0000 (+0.00%).

2024 Avg (May) 0.1173

2023 Avg (May) 0.1173

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1173	0.1150	0.1164
February	0.1189	0.1168	0.1177
March	0.1173	0.1149	0.1166
April	0.1192	0.1165	0.1180
May	0.1261	0.1162	0.1173
June	0.1196	0.1165	0.1180
July	0.1183	0.1159	0.1171
August	0.1181	0.1137	0.1154
September	0.1156	0.1139	0.1147
October	0.1182	0.1150	0.1169
November	0.1215	0.1162	0.1192
December	0.1225	0.1196	0.1212