2019 TOP to BGN Historical Review

YEARLY HIGH

0.7898 BGN

YEARLY LOW

0.7469 BGN

YEARLY AVERAGE

0.7628 BGN

2019 TOP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TOP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 0.7898. Conversely, the yearly low was recorded on January 1, dropping to 0.7469.

This high-to-low spread represents a total annual volatility of 0.0430 BGN. From a start-to-finish perspective, comparing the January average rate of 0.7556 to the December average rate of 0.7654, the exchange rate registered a net change of 1.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.7898 was up 2.80% compared to the 2018 peak of 0.7684, 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 3,949 BGN

2018 Average 3,646 BGN

Yearly Trough Low 3,734 BGN

Transaction Impact: A difference of 214.82 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.7691

0.7543

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 0.7620, compared to 0.7636 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.7620

H2 Avg (Jul–Dec) 0.7636

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 0.0322 BGN (High: 0.7898 / Low: 0.7576). On the other end, February was the most stable month, with a tight range of 0.0070 BGN (High: 0.7662 / Low: 0.7592).

April Spread (Volatile) ±0.0322

February Spread (Stable) ±0.0070

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.0058 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2019: 0.7679) against the same month in 2018 (average: 0.7166), the exchange rate shifted by +0.0513 (+7.16%).

2019 Avg (April) 0.7679

2018 Avg (April) 0.7166

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7645	0.7469	0.7556
February	0.7662	0.7592	0.7633
March	0.7706	0.7577	0.7652
April	0.7898	0.7576	0.7679
May	0.7670	0.7587	0.7630
June	0.7621	0.7499	0.7573
July	0.7729	0.7593	0.7655
August	0.7681	0.7531	0.7602
September	0.7784	0.7606	0.7661
October	0.7689	0.7526	0.7609
November	0.7725	0.7557	0.7637
December	0.7692	0.7600	0.7654