2020 BIF to MKD Historical Review

YEARLY HIGH

0.0305 MKD

YEARLY LOW

0.0258 MKD

YEARLY AVERAGE

0.0283 MKD

2020 BIF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the BIF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 0.0305. Conversely, the yearly low was recorded on December 30, dropping to 0.0258.

This high-to-low spread represents a total annual volatility of 0.0047 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0294 to the December average rate of 0.0261, the exchange rate registered a net change of -11.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0305 was down 0.19% compared to the 2019 peak of 0.0305, 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 152 MKD

2019 Average 149 MKD

Yearly Trough Low 129 MKD

Transaction Impact: A difference of 23.42 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0303

0.0257

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 0.0295, compared to 0.0270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.0295

H2 Avg (Jul–Dec) 0.0270

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0020 MKD (High: 0.0305 / Low: 0.0285). On the other end, October was the most stable month, with a tight range of 0.0004 MKD (High: 0.0272 / Low: 0.0269).

March Spread (Volatile) ±0.0020

October Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0010 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0295) against the same month in 2019 (average: 0.0299), the exchange rate shifted by -0.0004 (-1.45%).

2020 Avg (March) 0.0295

2019 Avg (March) 0.0299

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0296	0.0291	0.0294
February	0.0303	0.0295	0.0299
March	0.0305	0.0285	0.0295
April	0.0302	0.0296	0.0299
May	0.0300	0.0290	0.0297
June	0.0291	0.0285	0.0287
July	0.0287	0.0270	0.0280
August	0.0272	0.0268	0.0270
September	0.0274	0.0268	0.0271
October	0.0272	0.0269	0.0271
November	0.0273	0.0266	0.0268
December	0.0265	0.0258	0.0261