2016 TOP to BGN Historical Review

YEARLY HIGH

0.8313 BGN

YEARLY LOW

0.7508 BGN

YEARLY AVERAGE

0.7851 BGN

2016 TOP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.8313. Conversely, the yearly low was recorded on February 7, dropping to 0.7508.

This high-to-low spread represents a total annual volatility of 0.0805 BGN. From a start-to-finish perspective, comparing the January average rate of 0.7981 to the December average rate of 0.8149, the exchange rate registered a net change of 2.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.8313 was down 9.99% compared to the 2015 peak of 0.9236, 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 4,157 BGN

2015 Average 4,165 BGN

Yearly Trough Low 3,754 BGN

Transaction Impact: A difference of 402.46 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.8195

0.7643

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 0.7783, compared to 0.7919 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0136 points.

H1 Avg (Jan–Jun) 0.7783

H2 Avg (Jul–Dec) 0.7919

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0430 BGN (High: 0.8229 / Low: 0.7800). On the other end, September was the most stable month, with a tight range of 0.0113 BGN (High: 0.7819 / Low: 0.7706).

November Spread (Volatile) ±0.0430

September Spread (Stable) ±0.0113

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 January and February, when the average rate fell by 0.0241 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0241

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.8149) against the same month in 2015 (average: 0.8002), the exchange rate shifted by +0.0148 (+1.84%).

2016 Avg (December) 0.8149

2015 Avg (December) 0.8002

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8127	0.7801	0.7981
February	0.7899	0.7508	0.7739
March	0.7934	0.7698	0.7796
April	0.7881	0.7654	0.7740
May	0.7746	0.7609	0.7689
June	0.7963	0.7562	0.7752
July	0.7864	0.7665	0.7801
August	0.7830	0.7641	0.7728
September	0.7819	0.7706	0.7759
October	0.8140	0.7744	0.7978
November	0.8229	0.7800	0.8097
December	0.8313	0.8022	0.8149