2012 BIF to MKD Historical Review

YEARLY HIGH

0.0377 MKD

YEARLY LOW

0.0306 MKD

YEARLY AVERAGE

0.0342 MKD

2012 BIF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the BIF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 0.0377. Conversely, the yearly low was recorded on December 27, dropping to 0.0306.

This high-to-low spread represents a total annual volatility of 0.0071 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0367 to the December average rate of 0.0310, the exchange rate registered a net change of -15.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0377 was down 9.90% compared to the 2011 peak of 0.0418, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 188 MKD

2011 Average 183 MKD

Yearly Trough Low 153 MKD

Transaction Impact: A difference of 35.47 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0373

0.0304

JanuMarcMayJulySeptNove

BIF 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 0.0355, compared to 0.0329 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0355

H2 Avg (Jul–Dec) 0.0329

Volatility Range Comparison

Volatility

The most volatile month in 2012 was April, with a trading range of 0.0031 MKD (High: 0.0367 / Low: 0.0336). On the other end, June was the most stable month, with a tight range of 0.0007 MKD (High: 0.0353 / Low: 0.0346).

April Spread (Volatile) ±0.0031

June Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2012. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0013 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2012: 0.0367) against the same month in 2011 (average: 0.0405), the exchange rate shifted by -0.0038 (-9.35%).

2012 Avg (January) 0.0367

2011 Avg (January) 0.0405

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0377	0.0360	0.0367
February	0.0364	0.0352	0.0358
March	0.0364	0.0355	0.0359
April	0.0367	0.0336	0.0355
May	0.0353	0.0337	0.0344
June	0.0353	0.0346	0.0349
July	0.0356	0.0343	0.0348
August	0.0350	0.0339	0.0345
September	0.0344	0.0320	0.0333
October	0.0326	0.0318	0.0321
November	0.0326	0.0312	0.0320
December	0.0316	0.0306	0.0310