2024 MYR to BGN Historical Review

YEARLY HIGH

0.4255 BGN

YEARLY LOW

0.3770 BGN

YEARLY AVERAGE

0.3957 BGN

2024 MYR to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 0.4255. Conversely, the yearly low was recorded on February 21, dropping to 0.3770.

This high-to-low spread represents a total annual volatility of 0.0485 BGN. From a start-to-finish perspective, comparing the January average rate of 0.3829 to the December average rate of 0.4186, the exchange rate registered a net change of 9.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4255 was down 0.49% compared to the 2023 peak of 0.4275, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 8,510 BGN

2023 Average 7,936 BGN

Yearly Trough Low 7,540 BGN

Transaction Impact: A difference of 969.57 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4224

0.3763

JanuMarcMayJulySeptNove

MYR 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 0.3828, compared to 0.4087 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0259 points.

H1 Avg (Jan–Jun) 0.3828

H2 Avg (Jul–Dec) 0.4087

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0200 BGN (High: 0.4255 / Low: 0.4055). On the other end, May was the most stable month, with a tight range of 0.0030 BGN (High: 0.3851 / Low: 0.3820).

September Spread (Volatile) ±0.0200

May Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between February and June, 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 January and February, when the average rate fell by 0.0028 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.4135) against the same month in 2023 (average: 0.3914), the exchange rate shifted by +0.0221 (+5.65%).

2024 Avg (September) 0.4135

2023 Avg (September) 0.3914

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3886	0.3799	0.3829
February	0.3844	0.3770	0.3802
March	0.3837	0.3779	0.3814
April	0.3857	0.3786	0.3828
May	0.3851	0.3820	0.3835
June	0.3886	0.3814	0.3858
July	0.3933	0.3821	0.3850
August	0.4096	0.3967	0.4020
September	0.4255	0.4055	0.4135
October	0.4243	0.4109	0.4177
November	0.4203	0.4105	0.4153
December	0.4214	0.4156	0.4186