2011 SAR to BGN Historical Review

YEARLY HIGH

0.4050 BGN

YEARLY LOW

0.3504 BGN

YEARLY AVERAGE

0.3751 BGN

2011 SAR to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SAR to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.4050. Conversely, the yearly low was recorded on May 4, dropping to 0.3504.

This high-to-low spread represents a total annual volatility of 0.0545 BGN. From a start-to-finish perspective, comparing the January average rate of 0.3903 to the December average rate of 0.3960, the exchange rate registered a net change of 1.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4050 was down 7.28% compared to the 2010 peak of 0.4368, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,025 BGN

2010 Average 1,970 BGN

Yearly Trough Low 1,752 BGN

Transaction Impact: A difference of 272.61 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3995

0.3574

JanuMarcMayJulySeptNove

SAR 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 0.3720, compared to 0.3782 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0062 points.

H1 Avg (Jan–Jun) 0.3720

H2 Avg (Jul–Dec) 0.3782

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0274 BGN (High: 0.3957 / Low: 0.3683). On the other end, August was the most stable month, with a tight range of 0.0088 BGN (High: 0.3688 / Low: 0.3600).

October Spread (Volatile) ±0.0274

August Spread (Stable) ±0.0088

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 0.0117 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0117

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.3960) against the same month in 2010 (average: 0.3946), the exchange rate shifted by +0.0015 (+0.37%).

2011 Avg (December) 0.3960

2010 Avg (December) 0.3946

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4042	0.3802	0.3903
February	0.3880	0.3770	0.3822
March	0.3787	0.3670	0.3726
April	0.3688	0.3510	0.3609
May	0.3720	0.3504	0.3633
June	0.3702	0.3560	0.3627
July	0.3732	0.3597	0.3653
August	0.3688	0.3600	0.3639
September	0.3883	0.3651	0.3785
October	0.3957	0.3683	0.3803
November	0.3949	0.3777	0.3851
December	0.4050	0.3864	0.3960