2018 BIF to MKD Historical Review

YEARLY HIGH

0.0307 MKD

YEARLY LOW

0.0279 MKD

YEARLY AVERAGE

0.0293 MKD

2018 BIF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the BIF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 0.0307. Conversely, the yearly low was recorded on February 3, dropping to 0.0279.

This high-to-low spread represents a total annual volatility of 0.0028 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0286 to the December average rate of 0.0299, the exchange rate registered a net change of 4.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0307 was down 13.20% compared to the 2017 peak of 0.0354, 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 153 MKD

2017 Average 159 MKD

Yearly Trough Low 140 MKD

Transaction Impact: A difference of 13.90 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0303

0.0281

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 0.0288, compared to 0.0299 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0288

H2 Avg (Jul–Dec) 0.0299

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.0014 MKD (High: 0.0294 / Low: 0.0280). On the other end, July was the most stable month, with a tight range of 0.0006 MKD (High: 0.0300 / Low: 0.0294).

January Spread (Volatile) ±0.0014

July Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0004 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2018: 0.0301) against the same month in 2017 (average: 0.0300), the exchange rate shifted by +0.0000 (+0.15%).

2018 Avg (August) 0.0301

2017 Avg (August) 0.0300

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0294	0.0280	0.0286
February	0.0286	0.0279	0.0283
March	0.0286	0.0280	0.0283
April	0.0288	0.0281	0.0283
May	0.0302	0.0288	0.0294
June	0.0301	0.0291	0.0297
July	0.0300	0.0294	0.0297
August	0.0307	0.0297	0.0301
September	0.0301	0.0293	0.0298
October	0.0306	0.0294	0.0299
November	0.0307	0.0296	0.0301
December	0.0304	0.0296	0.0299