2019 BGN to MKD Historical Review

YEARLY HIGH

31.7558 MKD

YEARLY LOW

31.1084 MKD

YEARLY AVERAGE

31.4549 MKD

2019 BGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the BGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 31.7558. Conversely, the yearly low was recorded on July 28, dropping to 31.1084.

This high-to-low spread represents a total annual volatility of 0.6473 MKD. From a start-to-finish perspective, comparing the January average rate of 31.5046 to the December average rate of 31.4454, the exchange rate registered a net change of -0.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 31.7558 was down 0.04% compared to the 2018 peak of 31.7670, 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 158,779 MKD

2018 Average 157,381 MKD

Yearly Trough Low 155,542 MKD

Transaction Impact: A difference of 3,236.68 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

31.5191

31.3442

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 31.4748, compared to 31.4349 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0399 points.

H1 Avg (Jan–Jun) 31.4748

H2 Avg (Jul–Dec) 31.4349

Volatility Range Comparison

Volatility

The most volatile month in 2019 was January, with a trading range of 0.5768 MKD (High: 31.7558 / Low: 31.1790). On the other end, November was the most stable month, with a tight range of 0.0750 MKD (High: 31.5074 / Low: 31.4325).

January Spread (Volatile) ±0.5768

November Spread (Stable) ±0.0750

Growth Streaks & Declines

Trends

Between July and November, 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 June and July, when the average rate fell by 0.1112 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 31.5046) against the same month in 2018 (average: 31.4845), the exchange rate shifted by +0.0201 (+0.06%).

2019 Avg (January) 31.5046

2018 Avg (January) 31.4845

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.7558	31.1790	31.5046
February	31.6818	31.3966	31.4920
March	31.6103	31.2667	31.4386
April	31.5711	31.2494	31.4430
May	31.6714	31.3867	31.5007
June	31.7070	31.2042	31.4700
July	31.6412	31.1084	31.3588
August	31.6247	31.2739	31.4380
September	31.6572	31.2947	31.4428
October	31.5596	31.3540	31.4606
November	31.5074	31.4325	31.4640
December	31.5714	31.2780	31.4454