2021 NOK to BGN Historical Review

YEARLY HIGH

0.2018 BGN

YEARLY LOW

0.1844 BGN

YEARLY AVERAGE

0.1924 BGN

2021 NOK to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 20, valuing the pair at 0.2018. Conversely, the yearly low was recorded on July 20, dropping to 0.1844.

This high-to-low spread represents a total annual volatility of 0.0175 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1886 to the December average rate of 0.1929, the exchange rate registered a net change of 2.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.2018 was up 1.43% compared to the 2020 peak of 0.1990, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,009 BGN

2020 Average 913 BGN

Yearly Trough Low 922 BGN

Transaction Impact: A difference of 87.28 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.2004

0.1866

JanuMarcMayJulySeptNove

NOK 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 0.1922, compared to 0.1926 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.1922

H2 Avg (Jul–Dec) 0.1926

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0098 BGN (High: 0.2001 / Low: 0.1903). On the other end, June was the most stable month, with a tight range of 0.0043 BGN (High: 0.1946 / Low: 0.1903).

November Spread (Volatile) ±0.0098

June Spread (Stable) ±0.0043

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 June and July, when the average rate fell by 0.0042 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 0.1992) against the same month in 2020 (average: 0.1788), the exchange rate shifted by +0.0204 (+11.41%).

2021 Avg (October) 0.1992

2020 Avg (October) 0.1788

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1912	0.1855	0.1886
February	0.1922	0.1864	0.1901
March	0.1955	0.1900	0.1928
April	0.1975	0.1932	0.1948
May	0.1963	0.1912	0.1939
June	0.1946	0.1903	0.1927
July	0.1927	0.1844	0.1885
August	0.1912	0.1852	0.1877
September	0.1948	0.1898	0.1917
October	0.2018	0.1954	0.1992
November	0.2001	0.1903	0.1957
December	0.1963	0.1888	0.1929