2014 SAR to BGN Historical Review

YEARLY HIGH

0.4295 BGN

YEARLY LOW

0.3749 BGN

YEARLY AVERAGE

0.3933 BGN

2014 SAR to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SAR to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.4295. Conversely, the yearly low was recorded on March 18, dropping to 0.3749.

This high-to-low spread represents a total annual volatility of 0.0546 BGN. From a start-to-finish perspective, comparing the January average rate of 0.3831 to the December average rate of 0.4234, the exchange rate registered a net change of 10.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4295 was up 5.36% compared to the 2013 peak of 0.4076, 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 2,147 BGN

2013 Average 1,965 BGN

Yearly Trough Low 1,874 BGN

Transaction Impact: A difference of 272.94 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4279

0.3729

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 0.3807, compared to 0.4059 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0251 points.

H1 Avg (Jan–Jun) 0.3807

H2 Avg (Jul–Dec) 0.4059

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0161 BGN (High: 0.4131 / Low: 0.3970). On the other end, June was the most stable month, with a tight range of 0.0040 BGN (High: 0.3855 / Low: 0.3815).

September Spread (Volatile) ±0.0161

June Spread (Stable) ±0.0040

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0048 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0048

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.4234) against the same month in 2013 (average: 0.3810), the exchange rate shifted by +0.0424 (+11.12%).

2014 Avg (December) 0.4234

2013 Avg (December) 0.3810

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3861	0.3789	0.3831
February	0.3868	0.3787	0.3823
March	0.3799	0.3749	0.3775
April	0.3809	0.3759	0.3778
May	0.3836	0.3751	0.3800
June	0.3855	0.3815	0.3837
July	0.3898	0.3815	0.3853
August	0.3970	0.3888	0.3918
September	0.4131	0.3970	0.4048
October	0.4163	0.4078	0.4117
November	0.4210	0.4159	0.4182
December	0.4295	0.4170	0.4234