2017 TOP to BGN Historical Review

YEARLY HIGH

0.8275 BGN

YEARLY LOW

0.7154 BGN

YEARLY AVERAGE

0.7656 BGN

2017 TOP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the TOP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 2, valuing the pair at 0.8275. Conversely, the yearly low was recorded on December 4, dropping to 0.7154.

This high-to-low spread represents a total annual volatility of 0.1120 BGN. From a start-to-finish perspective, comparing the January average rate of 0.7995 to the December average rate of 0.7218, the exchange rate registered a net change of -9.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.8275 was down 0.46% compared to the 2016 peak of 0.8313, 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 4,137 BGN

2016 Average 3,926 BGN

Yearly Trough Low 3,577 BGN

Transaction Impact: A difference of 560.21 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.8226

0.7126

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 0.7896, compared to 0.7417 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0479 points.

H1 Avg (Jan–Jun) 0.7896

H2 Avg (Jul–Dec) 0.7417

Volatility Range Comparison

Volatility

The most volatile month in 2017 was March, with a trading range of 0.0419 BGN (High: 0.8275 / Low: 0.7855). On the other end, December was the most stable month, with a tight range of 0.0110 BGN (High: 0.7264 / Low: 0.7154).

March Spread (Volatile) ±0.0419

December Spread (Stable) ±0.0110

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0318 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0318

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2017: 0.8002) against the same month in 2016 (average: 0.7796), the exchange rate shifted by +0.0206 (+2.64%).

2017 Avg (March) 0.8002

2016 Avg (March) 0.7796

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8099	0.7914	0.7995
February	0.8235	0.7914	0.8134
March	0.8275	0.7855	0.8002
April	0.8055	0.7754	0.7953
May	0.7788	0.7480	0.7635
June	0.7764	0.7557	0.7655
July	0.7689	0.7501	0.7582
August	0.7620	0.7295	0.7509
September	0.7526	0.7340	0.7419
October	0.7511	0.7346	0.7437
November	0.7490	0.7158	0.7335
December	0.7264	0.7154	0.7218