2024 MXN to BGN Historical Review

YEARLY HIGH

0.1109 BGN

YEARLY LOW

0.0882 BGN

YEARLY AVERAGE

0.0992 BGN

2024 MXN to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 11, valuing the pair at 0.1109. Conversely, the yearly low was recorded on September 7, dropping to 0.0882.

This high-to-low spread represents a total annual volatility of 0.0227 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1051 to the December average rate of 0.0922, the exchange rate registered a net change of -12.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1109 was up 2.43% compared to the 2023 peak of 0.1083, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 5,545 BGN

2023 Average 5,104 BGN

Yearly Trough Low 4,411 BGN

Transaction Impact: A difference of 1,133.45 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1104

0.0880

JanuMarcMayJulySeptNove

MXN 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 0.1058, compared to 0.0927 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0131 points.

H1 Avg (Jan–Jun) 0.1058

H2 Avg (Jul–Dec) 0.0927

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0098 BGN (High: 0.1062 / Low: 0.0964). On the other end, February was the most stable month, with a tight range of 0.0014 BGN (High: 0.1067 / Low: 0.1053).

June Spread (Volatile) ±0.0098

February Spread (Stable) ±0.0014

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 May and June, when the average rate fell by 0.0077 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0077

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.1085) against the same month in 2023 (average: 0.0986), the exchange rate shifted by +0.0099 (+10.00%).

2024 Avg (April) 0.1085

2023 Avg (April) 0.0986

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1061	0.1040	0.1051
February	0.1067	0.1053	0.1060
March	0.1095	0.1059	0.1073
April	0.1109	0.1060	0.1085
May	0.1089	0.1060	0.1077
June	0.1062	0.0964	0.1000
July	0.1018	0.0963	0.0996
August	0.0957	0.0884	0.0927
September	0.0922	0.0882	0.0899
October	0.0928	0.0893	0.0912
November	0.0922	0.0886	0.0906
December	0.0934	0.0903	0.0922