2014 NZD to BGN Historical Review

YEARLY HIGH

1.2688 BGN

YEARLY LOW

1.1656 BGN

YEARLY AVERAGE

1.2231 BGN

2014 NZD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NZD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 1.2688. Conversely, the yearly low was recorded on January 1, dropping to 1.1656.

This high-to-low spread represents a total annual volatility of 0.1032 BGN. From a start-to-finish perspective, comparing the January average rate of 1.1880 to the December average rate of 1.2332, the exchange rate registered a net change of 3.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.2688 was down 1.60% compared to the 2013 peak of 1.2894, 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 6,344 BGN

2013 Average 6,044 BGN

Yearly Trough Low 5,828 BGN

Transaction Impact: A difference of 515.88 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.2619

1.1810

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 1.2119, compared to 1.2343 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0224 points.

H1 Avg (Jan–Jun) 1.2119

H2 Avg (Jul–Dec) 1.2343

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0603 BGN (High: 1.2588 / Low: 1.1985). On the other end, August was the most stable month, with a tight range of 0.0109 BGN (High: 1.2445 / Low: 1.2336).

September Spread (Volatile) ±0.0603

August Spread (Stable) ±0.0109

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0212 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0212

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 1.2552) against the same month in 2013 (average: 1.1800), the exchange rate shifted by +0.0751 (+6.37%).

2014 Avg (July) 1.2552

2013 Avg (July) 1.1800

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2033	1.1656	1.1880
February	1.1974	1.1709	1.1877
March	1.2333	1.1878	1.2071
April	1.2344	1.2070	1.2201
May	1.2358	1.2166	1.2259
June	1.2629	1.2111	1.2423
July	1.2688	1.2392	1.2552
August	1.2445	1.2336	1.2395
September	1.2588	1.1985	1.2349
October	1.2234	1.2062	1.2137
November	1.2457	1.2092	1.2291
December	1.2589	1.2147	1.2332