2017 BIF to MKD Historical Review

YEARLY HIGH

0.0354 MKD

YEARLY LOW

0.0292 MKD

YEARLY AVERAGE

0.0317 MKD

2017 BIF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the BIF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0354. Conversely, the yearly low was recorded on December 31, dropping to 0.0292.

This high-to-low spread represents a total annual volatility of 0.0062 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0345 to the December average rate of 0.0296, the exchange rate registered a net change of -14.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0354 was down 3.85% compared to the 2016 peak of 0.0368, 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 177 MKD

2016 Average 172 MKD

Yearly Trough Low 146 MKD

Transaction Impact: A difference of 30.99 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0349

0.0291

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 0.0335, compared to 0.0300 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0035 points.

H1 Avg (Jan–Jun) 0.0335

H2 Avg (Jul–Dec) 0.0300

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.0016 MKD (High: 0.0354 / Low: 0.0338). On the other end, October was the most stable month, with a tight range of 0.0006 MKD (High: 0.0302 / Low: 0.0296).

January Spread (Volatile) ±0.0016

October Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0012 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.0345) against the same month in 2016 (average: 0.0363), the exchange rate shifted by -0.0018 (-5.06%).

2017 Avg (January) 0.0345

2016 Avg (January) 0.0363

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0354	0.0338	0.0345
February	0.0345	0.0336	0.0342
March	0.0347	0.0331	0.0340
April	0.0342	0.0332	0.0339
May	0.0334	0.0318	0.0327
June	0.0320	0.0313	0.0318
July	0.0318	0.0303	0.0310
August	0.0304	0.0295	0.0300
September	0.0300	0.0293	0.0296
October	0.0302	0.0296	0.0299
November	0.0303	0.0293	0.0299
December	0.0298	0.0292	0.0296