2012 TOP to BGN Historical Review

YEARLY HIGH

0.9179 BGN

YEARLY LOW

0.8487 BGN

YEARLY AVERAGE

0.8764 BGN

2012 TOP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TOP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 24, valuing the pair at 0.9179. Conversely, the yearly low was recorded on November 25, dropping to 0.8487.

This high-to-low spread represents a total annual volatility of 0.0692 BGN. From a start-to-finish perspective, comparing the January average rate of 0.8714 to the December average rate of 0.8573, the exchange rate registered a net change of -1.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.9179 was up 4.15% compared to the 2011 peak of 0.8813, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,589 BGN

2011 Average 4,013 BGN

Yearly Trough Low 4,243 BGN

Transaction Impact: A difference of 346.12 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.9064

0.8529

JanuMarcMayJulySeptNove

TOP 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 0.8741, compared to 0.8786 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 0.8741

H2 Avg (Jul–Dec) 0.8786

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 0.0539 BGN (High: 0.9179 / Low: 0.8640). On the other end, April was the most stable month, with a tight range of 0.0163 BGN (High: 0.8808 / Low: 0.8645).

July Spread (Volatile) ±0.0539

April Spread (Stable) ±0.0163

Growth Streaks & Declines

Trends

Between May and August, 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 August and September, when the average rate fell by 0.0284 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0284

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 0.8954) against the same month in 2011 (average: 0.8133), the exchange rate shifted by +0.0820 (+10.09%).

2012 Avg (July) 0.8954

2011 Avg (July) 0.8133

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8814	0.8565	0.8714
February	0.8924	0.8586	0.8750
March	0.8924	0.8698	0.8790
April	0.8808	0.8645	0.8742
May	0.9016	0.8534	0.8705
June	0.8849	0.8662	0.8743
July	0.9179	0.8640	0.8954
August	0.9171	0.8869	0.9020
September	0.8888	0.8605	0.8736
October	0.8819	0.8556	0.8657
November	0.8981	0.8487	0.8780
December	0.8684	0.8514	0.8573