2011 PEN to BGN Historical Review

YEARLY HIGH

0.5631 BGN

YEARLY LOW

0.4642 BGN

YEARLY AVERAGE

0.5108 BGN

2011 PEN to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the PEN to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.5631. Conversely, the yearly low was recorded on May 2, dropping to 0.4642.

This high-to-low spread represents a total annual volatility of 0.0988 BGN. From a start-to-finish perspective, comparing the January average rate of 0.5249 to the December average rate of 0.5506, the exchange rate registered a net change of 4.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.5631 was up 3.30% compared to the 2010 peak of 0.5451, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,815 BGN

2010 Average 2,459 BGN

Yearly Trough Low 2,321 BGN

Transaction Impact: A difference of 494.09 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.5576

0.4737

JanuMarcMayJulySeptNove

PEN 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 0.5014, compared to 0.5202 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0188 points.

H1 Avg (Jan–Jun) 0.5014

H2 Avg (Jul–Dec) 0.5202

Volatility Range Comparison

Volatility

The most volatile month in 2011 was May, with a trading range of 0.0416 BGN (High: 0.5058 / Low: 0.4642). On the other end, August was the most stable month, with a tight range of 0.0110 BGN (High: 0.5038 / Low: 0.4928).

May Spread (Volatile) ±0.0416

August Spread (Stable) ±0.0110

Growth Streaks & Declines

Trends

Between August and December, 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 March and April, when the average rate fell by 0.0223 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0223

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.5506) against the same month in 2010 (average: 0.4925), the exchange rate shifted by +0.0581 (+11.80%).

2011 Avg (December) 0.5506

2010 Avg (December) 0.4925

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5403	0.5142	0.5249
February	0.5258	0.5088	0.5170
March	0.5128	0.4907	0.5030
April	0.4928	0.4663	0.4807
May	0.5058	0.4642	0.4905
June	0.5029	0.4787	0.4921
July	0.5103	0.4908	0.4996
August	0.5038	0.4928	0.4982
September	0.5262	0.5014	0.5175
October	0.5344	0.5097	0.5217
November	0.5464	0.5225	0.5336
December	0.5631	0.5365	0.5506