2020 TOP to BGN Historical Review

YEARLY HIGH

0.7844 BGN

YEARLY LOW

0.6984 BGN

YEARLY AVERAGE

0.7455 BGN

2020 TOP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 11, valuing the pair at 0.7844. Conversely, the yearly low was recorded on December 17, dropping to 0.6984.

This high-to-low spread represents a total annual volatility of 0.0860 BGN. From a start-to-finish perspective, comparing the January average rate of 0.7670 to the December average rate of 0.7037, the exchange rate registered a net change of -8.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.7844 was down 0.69% compared to the 2019 peak of 0.7898, 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 3,922 BGN

2019 Average 3,814 BGN

Yearly Trough Low 3,492 BGN

Transaction Impact: A difference of 429.90 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.7840

0.6964

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 0.7677, compared to 0.7233 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0444 points.

H1 Avg (Jan–Jun) 0.7677

H2 Avg (Jul–Dec) 0.7233

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 0.0345 BGN (High: 0.7612 / Low: 0.7267). On the other end, November was the most stable month, with a tight range of 0.0090 BGN (High: 0.7232 / Low: 0.7141).

July Spread (Volatile) ±0.0345

November Spread (Stable) ±0.0090

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0239 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0239

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 0.7767) against the same month in 2019 (average: 0.7630), the exchange rate shifted by +0.0137 (+1.79%).

2020 Avg (May) 0.7767

2019 Avg (May) 0.7630

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7712	0.7622	0.7670
February	0.7828	0.7614	0.7733
March	0.7660	0.7415	0.7534
April	0.7795	0.7602	0.7705
May	0.7844	0.7686	0.7767
June	0.7715	0.7579	0.7654
July	0.7612	0.7267	0.7488
August	0.7309	0.7166	0.7249
September	0.7316	0.7195	0.7267
October	0.7248	0.7097	0.7182
November	0.7232	0.7141	0.7176
December	0.7076	0.6984	0.7037