2024 TOP to BGN Historical Review

YEARLY HIGH

0.7880 BGN

YEARLY LOW

0.7421 BGN

YEARLY AVERAGE

0.7631 BGN

2024 TOP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.7880. Conversely, the yearly low was recorded on August 25, dropping to 0.7421.

This high-to-low spread represents a total annual volatility of 0.0459 BGN. From a start-to-finish perspective, comparing the January average rate of 0.7612 to the December average rate of 0.7799, the exchange rate registered a net change of 2.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7880 was down 0.65% compared to the 2023 peak of 0.7932, 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 3,940 BGN

2023 Average 3,827 BGN

Yearly Trough Low 3,710 BGN

Transaction Impact: A difference of 229.45 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7828

0.7476

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 0.7642, compared to 0.7621 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.7642

H2 Avg (Jul–Dec) 0.7621

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0312 BGN (High: 0.7834 / Low: 0.7522). On the other end, January was the most stable month, with a tight range of 0.0085 BGN (High: 0.7668 / Low: 0.7583).

November Spread (Volatile) ±0.0312

January Spread (Stable) ±0.0085

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 July and August, when the average rate fell by 0.0111 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.7799) against the same month in 2023 (average: 0.7622), the exchange rate shifted by +0.0176 (+2.31%).

2024 Avg (December) 0.7799

2023 Avg (December) 0.7622

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7668	0.7583	0.7612
February	0.7714	0.7578	0.7653
March	0.7663	0.7551	0.7597
April	0.7727	0.7556	0.7649
May	0.7677	0.7591	0.7638
June	0.7756	0.7602	0.7703
July	0.7712	0.7547	0.7617
August	0.7616	0.7421	0.7505
September	0.7568	0.7466	0.7509
October	0.7651	0.7537	0.7598
November	0.7834	0.7522	0.7698
December	0.7880	0.7716	0.7799