2018 BGN to MKD Historical Review

YEARLY HIGH

31.7670 MKD

YEARLY LOW

30.8940 MKD

YEARLY AVERAGE

31.4761 MKD

2018 BGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the BGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 29, valuing the pair at 31.7670. Conversely, the yearly low was recorded on June 17, dropping to 30.8940.

This high-to-low spread represents a total annual volatility of 0.8730 MKD. From a start-to-finish perspective, comparing the January average rate of 31.4845 to the December average rate of 31.4685, the exchange rate registered a net change of -0.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 31.7670 was down 0.94% compared to the 2017 peak of 32.0680, 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 158,835 MKD

2017 Average 157,482 MKD

Yearly Trough Low 154,470 MKD

Transaction Impact: A difference of 4,364.78 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

31.5093

31.3961

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 31.4753, compared to 31.4769 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) 31.4753

H2 Avg (Jul–Dec) 31.4769

Volatility Range Comparison

Volatility

The most volatile month in 2018 was June, with a trading range of 0.6469 MKD (High: 31.5410 / Low: 30.8940). On the other end, September was the most stable month, with a tight range of 0.0945 MKD (High: 31.5335 / Low: 31.4390).

June Spread (Volatile) ±0.6469

September Spread (Stable) ±0.0945

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 May and June, when the average rate fell by 0.0911 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0911

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 31.4465) against the same month in 2017 (average: 31.4855), the exchange rate shifted by -0.0390 (-0.12%).

2018 Avg (November) 31.4465

2017 Avg (November) 31.4855

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.5433	31.2718	31.4845
February	31.5498	31.4290	31.4999
March	31.5271	31.3909	31.4776
April	31.5772	31.4283	31.4876
May	31.5487	31.2689	31.4966
June	31.5410	30.8940	31.4056
July	31.5711	31.4477	31.4915
August	31.5459	31.4340	31.4891
September	31.5335	31.4390	31.4863
October	31.5687	31.3518	31.4794
November	31.7670	31.3192	31.4465
December	31.5938	31.3316	31.4685