2016 BGN to MKD Historical Review

YEARLY HIGH

32.1668 MKD

YEARLY LOW

31.2454 MKD

YEARLY AVERAGE

31.4805 MKD

2016 BGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 32.1668. Conversely, the yearly low was recorded on November 16, dropping to 31.2454.

This high-to-low spread represents a total annual volatility of 0.9214 MKD. From a start-to-finish perspective, comparing the January average rate of 31.4817 to the December average rate of 31.4565, the exchange rate registered a net change of -0.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 32.1668 was up 1.20% compared to the 2015 peak of 31.7865, 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 160,834 MKD

2015 Average 157,225 MKD

Yearly Trough Low 156,227 MKD

Transaction Impact: A difference of 4,606.89 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

31.5641

31.4296

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 31.5036, compared to 31.4574 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0462 points.

H1 Avg (Jan–Jun) 31.5036

H2 Avg (Jul–Dec) 31.4574

Volatility Range Comparison

Volatility

The most volatile month in 2016 was May, with a trading range of 0.7235 MKD (High: 32.1668 / Low: 31.4432). On the other end, October was the most stable month, with a tight range of 0.0598 MKD (High: 31.4643 / Low: 31.4045).

May Spread (Volatile) ±0.7235

October Spread (Stable) ±0.0598

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 0.0519 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0519

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 31.5293) against the same month in 2015 (average: 31.4790), the exchange rate shifted by +0.0504 (+0.16%).

2016 Avg (May) 31.5293

2015 Avg (May) 31.4790

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.5204	31.4171	31.4817
February	31.5272	31.4534	31.4854
March	31.6504	31.4421	31.4950
April	32.0753	31.4656	31.5529
May	32.1668	31.4432	31.5293
June	31.5310	31.4188	31.4774
July	31.4867	31.4207	31.4545
August	31.5896	31.4175	31.4736
September	31.6395	31.3884	31.4769
October	31.4643	31.4045	31.4408
November	31.4751	31.2454	31.4419
December	31.5299	31.3407	31.4565