2018 TOP to BGN Historical Review

YEARLY HIGH

0.7684 BGN

YEARLY LOW

0.7010 BGN

YEARLY AVERAGE

0.7291 BGN

2018 TOP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the TOP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 0.7684. Conversely, the yearly low was recorded on January 27, dropping to 0.7010.

This high-to-low spread represents a total annual volatility of 0.0674 BGN. From a start-to-finish perspective, comparing the January average rate of 0.7135 to the December average rate of 0.7550, the exchange rate registered a net change of 5.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.7684 was down 7.14% compared to the 2017 peak of 0.8275, 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 3,842 BGN

2017 Average 3,826 BGN

Yearly Trough Low 3,505 BGN

Transaction Impact: A difference of 336.94 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.7592

0.7092

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 0.7203, compared to 0.7378 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0175 points.

H1 Avg (Jan–Jun) 0.7203

H2 Avg (Jul–Dec) 0.7378

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.0246 BGN (High: 0.7256 / Low: 0.7010). On the other end, July was the most stable month, with a tight range of 0.0123 BGN (High: 0.7291 / Low: 0.7168).

January Spread (Volatile) ±0.0246

July Spread (Stable) ±0.0123

Growth Streaks & Declines

Trends

Between March and June, 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 June and July, when the average rate fell by 0.0103 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0103

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 0.7550) against the same month in 2017 (average: 0.7218), the exchange rate shifted by +0.0333 (+4.61%).

2018 Avg (December) 0.7550

2017 Avg (December) 0.7218

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7256	0.7010	0.7135
February	0.7233	0.7035	0.7152
March	0.7196	0.7068	0.7134
April	0.7298	0.7093	0.7166
May	0.7435	0.7199	0.7303
June	0.7408	0.7261	0.7330
July	0.7291	0.7168	0.7227
August	0.7462	0.7227	0.7337
September	0.7325	0.7192	0.7266
October	0.7506	0.7312	0.7387
November	0.7597	0.7438	0.7502
December	0.7684	0.7474	0.7550