2024 PGK to BGN Historical Review

YEARLY HIGH

0.4875 BGN

YEARLY LOW

0.4399 BGN

YEARLY AVERAGE

0.4647 BGN

2024 PGK to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 0.4875. Conversely, the yearly low was recorded on September 25, dropping to 0.4399.

This high-to-low spread represents a total annual volatility of 0.0477 BGN. From a start-to-finish perspective, comparing the January average rate of 0.4802 to the December average rate of 0.4619, the exchange rate registered a net change of -3.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4875 was down 7.58% compared to the 2023 peak of 0.5275, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,438 BGN

2023 Average 2,511 BGN

Yearly Trough Low 2,199 BGN

Transaction Impact: A difference of 238.33 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4839

0.4411

JanuMarcMayJulySeptNove

PGK 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 0.4743, compared to 0.4551 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0192 points.

H1 Avg (Jan–Jun) 0.4743

H2 Avg (Jul–Dec) 0.4551

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0203 BGN (High: 0.4875 / Low: 0.4673). On the other end, September was the most stable month, with a tight range of 0.0113 BGN (High: 0.4511 / Low: 0.4399).

January Spread (Volatile) ±0.0203

September Spread (Stable) ±0.0113

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 0.0108 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0108

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.4802) against the same month in 2023 (average: 0.5149), the exchange rate shifted by -0.0346 (-6.72%).

2024 Avg (January) 0.4802

2023 Avg (January) 0.5149

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4875	0.4673	0.4802
February	0.4868	0.4741	0.4803
March	0.4840	0.4671	0.4737
April	0.4864	0.4706	0.4773
May	0.4749	0.4623	0.4664
June	0.4748	0.4614	0.4678
July	0.4730	0.4572	0.4623
August	0.4616	0.4426	0.4519
September	0.4511	0.4399	0.4447
October	0.4598	0.4422	0.4522
November	0.4664	0.4463	0.4578
December	0.4703	0.4570	0.4619