2015 BIF to MKD Historical Review

YEARLY HIGH

0.0376 MKD

YEARLY LOW

0.0321 MKD

YEARLY AVERAGE

0.0354 MKD

2015 BIF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the BIF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 0.0376. Conversely, the yearly low was recorded on January 7, dropping to 0.0321.

This high-to-low spread represents a total annual volatility of 0.0054 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0336 to the December average rate of 0.0363, the exchange rate registered a net change of 8.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0376 was up 15.69% compared to the 2014 peak of 0.0325, 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

2014 Average 149 MKD

Yearly Trough Low 161 MKD

Transaction Impact: A difference of 27.10 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0372

0.0332

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 0.0352, compared to 0.0356 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0352

H2 Avg (Jul–Dec) 0.0356

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0027 MKD (High: 0.0349 / Low: 0.0321). On the other end, February was the most stable month, with a tight range of 0.0008 MKD (High: 0.0350 / Low: 0.0342).

January Spread (Volatile) ±0.0027

February Spread (Stable) ±0.0008

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 April and May, when the average rate fell by 0.0012 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2015: 0.0368) against the same month in 2014 (average: 0.0317), the exchange rate shifted by +0.0052 (+16.33%).

2015 Avg (November) 0.0368

2014 Avg (November) 0.0317

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0349	0.0321	0.0336
February	0.0350	0.0342	0.0346
March	0.0373	0.0350	0.0363
April	0.0371	0.0350	0.0364
May	0.0361	0.0341	0.0352
June	0.0360	0.0342	0.0351
July	0.0361	0.0339	0.0348
August	0.0364	0.0342	0.0355
September	0.0357	0.0347	0.0352
October	0.0359	0.0345	0.0351
November	0.0376	0.0358	0.0368
December	0.0372	0.0359	0.0363