2021 PEN to BGN Historical Review

YEARLY HIGH

0.4575 BGN

YEARLY LOW

0.4011 BGN

YEARLY AVERAGE

0.4269 BGN

2021 PEN to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PEN to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 9, valuing the pair at 0.4575. Conversely, the yearly low was recorded on September 5, dropping to 0.4011.

This high-to-low spread represents a total annual volatility of 0.0564 BGN. From a start-to-finish perspective, comparing the January average rate of 0.4430 to the December average rate of 0.4281, the exchange rate registered a net change of -3.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.4575 was down 15.00% compared to the 2020 peak of 0.5382, 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 2,288 BGN

2020 Average 2,459 BGN

Yearly Trough Low 2,006 BGN

Transaction Impact: A difference of 282.07 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.4475

0.4002

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 0.4360, compared to 0.4177 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0183 points.

H1 Avg (Jan–Jun) 0.4360

H2 Avg (Jul–Dec) 0.4177

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0347 BGN (High: 0.4575 / Low: 0.4228). On the other end, March was the most stable month, with a tight range of 0.0046 BGN (High: 0.4454 / Low: 0.4408).

April Spread (Volatile) ±0.0347

March Spread (Stable) ±0.0046

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 0.0161 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0161

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.4434) against the same month in 2020 (average: 0.5292), the exchange rate shifted by -0.0858 (-16.21%).

2021 Avg (April) 0.4434

2020 Avg (April) 0.5292

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4481	0.4374	0.4430
February	0.4484	0.4404	0.4435
March	0.4454	0.4408	0.4435
April	0.4575	0.4228	0.4434
May	0.4425	0.4165	0.4273
June	0.4217	0.4101	0.4153
July	0.4263	0.4148	0.4201
August	0.4202	0.4047	0.4075
September	0.4085	0.4011	0.4042
October	0.4302	0.4075	0.4198
November	0.4346	0.4200	0.4266
December	0.4346	0.4227	0.4281