2011 NZD to BGN Historical Review

YEARLY HIGH

1.1996 BGN

YEARLY LOW

1.0063 BGN

YEARLY AVERAGE

1.1128 BGN

2011 NZD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NZD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 1.1996. Conversely, the yearly low was recorded on March 17, dropping to 1.0063.

This high-to-low spread represents a total annual volatility of 0.1933 BGN. From a start-to-finish perspective, comparing the January average rate of 1.1218 to the December average rate of 1.1448, the exchange rate registered a net change of 2.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.1996 was up 5.31% compared to the 2010 peak of 1.1392, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,998 BGN

2010 Average 5,326 BGN

Yearly Trough Low 5,032 BGN

Transaction Impact: A difference of 966.51 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.1728

1.0234

JanuMarcMayJulySeptNove

NZD 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 1.0853, compared to 1.1403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0550 points.

H1 Avg (Jan–Jun) 1.0853

H2 Avg (Jul–Dec) 1.1403

Volatility Range Comparison

Volatility

The most volatile month in 2011 was May, with a trading range of 0.0836 BGN (High: 1.1207 / Low: 1.0370). On the other end, April was the most stable month, with a tight range of 0.0251 BGN (High: 1.0798 / Low: 1.0547).

May Spread (Volatile) ±0.0836

April Spread (Stable) ±0.0251

Growth Streaks & Declines

Trends

Between March and July, 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 February and March, when the average rate fell by 0.0553 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0553

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 1.1420) against the same month in 2010 (average: 1.0844), the exchange rate shifted by +0.0575 (+5.31%).

2011 Avg (August) 1.1420

2010 Avg (August) 1.0844

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1541	1.0968	1.1218
February	1.1122	1.0609	1.0912
March	1.0609	1.0063	1.0359
April	1.0798	1.0547	1.0681
May	1.1207	1.0370	1.0863
June	1.1203	1.0922	1.1083
July	1.1977	1.1157	1.1604
August	1.1996	1.1173	1.1420
September	1.1814	1.1069	1.1555
October	1.1397	1.1048	1.1272
November	1.1404	1.0808	1.1118
December	1.1749	1.1282	1.1448