2013 BIF to MKD Historical Review

YEARLY HIGH

0.0315 MKD

YEARLY LOW

0.0285 MKD

YEARLY AVERAGE

0.0300 MKD

2013 BIF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the BIF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.0315. Conversely, the yearly low was recorded on November 4, dropping to 0.0285.

This high-to-low spread represents a total annual volatility of 0.0029 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0311 to the December average rate of 0.0291, the exchange rate registered a net change of -6.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.0315 was down 16.55% compared to the 2012 peak of 0.0377, 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 157 MKD

2012 Average 171 MKD

Yearly Trough Low 143 MKD

Transaction Impact: A difference of 14.59 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.0313

0.0289

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 0.0303, compared to 0.0297 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0303

H2 Avg (Jul–Dec) 0.0297

Volatility Range Comparison

Volatility

The most volatile month in 2013 was June, with a trading range of 0.0016 MKD (High: 0.0310 / Low: 0.0294). On the other end, August was the most stable month, with a tight range of 0.0004 MKD (High: 0.0303 / Low: 0.0299).

June Spread (Volatile) ±0.0016

August Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0010 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2013: 0.0311) against the same month in 2012 (average: 0.0367), the exchange rate shifted by -0.0056 (-15.28%).

2013 Avg (January) 0.0311

2012 Avg (January) 0.0367

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0315	0.0301	0.0311
February	0.0303	0.0298	0.0300
March	0.0314	0.0299	0.0304
April	0.0306	0.0298	0.0302
May	0.0309	0.0298	0.0303
June	0.0310	0.0294	0.0301
July	0.0310	0.0302	0.0305
August	0.0303	0.0299	0.0301
September	0.0306	0.0295	0.0300
October	0.0296	0.0288	0.0292
November	0.0297	0.0285	0.0294
December	0.0294	0.0288	0.0291