2012 BGN to MKD Historical Review

YEARLY HIGH

32.9979 MKD

YEARLY LOW

30.5755 MKD

YEARLY AVERAGE

31.4572 MKD

2012 BGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the BGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 16, valuing the pair at 32.9979. Conversely, the yearly low was recorded on July 16, dropping to 30.5755.

This high-to-low spread represents a total annual volatility of 2.4224 MKD. From a start-to-finish perspective, comparing the January average rate of 31.3911 to the December average rate of 31.6559, the exchange rate registered a net change of 0.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 32.9979 was up 4.09% compared to the 2011 peak of 31.7002, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BGN based on timing:

Yearly Peak High 164,989 MKD

2011 Average 156,878 MKD

Yearly Trough Low 152,878 MKD

Transaction Impact: A difference of 12,111.79 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

31.9432

31.1708

JanuMarcMayJulySeptNove

BGN to MKD 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 31.3827, compared to 31.5317 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1490 points.

H1 Avg (Jan–Jun) 31.3827

H2 Avg (Jul–Dec) 31.5317

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 1.7984 MKD (High: 32.9979 / Low: 31.1995). On the other end, April was the most stable month, with a tight range of 0.1089 MKD (High: 31.4285 / Low: 31.3196).

September Spread (Volatile) ±1.7984

April Spread (Stable) ±0.1089

Growth Streaks & Declines

Trends

Between July and September, 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 September and October, when the average rate fell by 0.3322 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3322

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2012: 31.8788) against the same month in 2011 (average: 31.3753), the exchange rate shifted by +0.5035 (+1.60%).

2012 Avg (September) 31.8788

2011 Avg (September) 31.3753

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.5459	31.1372	31.3911
February	31.5396	31.3264	31.4168
March	31.4703	31.2833	31.3846
April	31.4285	31.3196	31.3806
May	31.4707	31.1555	31.3730
June	31.5747	31.0296	31.3503
July	31.7202	30.5755	31.2351
August	32.0826	31.2527	31.5461
September	32.9979	31.1995	31.8788
October	31.7827	31.3628	31.5466
November	31.6483	31.0865	31.3278
December	31.9876	31.1997	31.6559