YEARLY HIGH
0.0373 BBD
YEARLY LOW
0.0338 BBD
YEARLY AVERAGE
0.0360 BBD

2016 MKD to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 0.0373. Conversely, the yearly low was recorded on December 20, dropping to 0.0338.

This high-to-low spread represents a total annual volatility of 0.0035 BBD. From a start-to-finish perspective, comparing the January average rate of 0.0353 to the December average rate of 0.0343, the exchange rate registered a net change of -2.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0373 was down 5.69% compared to the 2015 peak of 0.0395, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MKD based on timing:

Yearly Peak High 186 BBD
2015 Average 181 BBD
Yearly Trough Low 169 BBD
Transaction Impact: A difference of 17.41 BBD purely based on transaction execution date.

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0.0370
0.0341
JanuMarcMayJulySeptNove

MKD to BBD 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 0.0362, compared to 0.0357 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) 0.0362
H2 Avg (Jul–Dec) 0.0357

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0018 BBD (High: 0.0362 / Low: 0.0344). On the other end, September was the most stable month, with a tight range of 0.0003 BBD (High: 0.0366 / Low: 0.0363).

November Spread (Volatile) Âą0.0018
September Spread (Stable) Âą0.0003

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 November and December, when the average rate fell by 0.0008 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 0.0366) against the same month in 2015 (average: 0.0363), the exchange rate shifted by +0.0004 (+1.04%).

2016 Avg (May) 0.0366
2015 Avg (May) 0.0363

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Month High Low Average
January 0.0355 0.0350 0.0353
February 0.0367 0.0354 0.0361
March 0.0369 0.0353 0.0362
April 0.0370 0.0365 0.0367
May 0.0373 0.0361 0.0366
June 0.0370 0.0359 0.0365
July 0.0363 0.0357 0.0360
August 0.0368 0.0359 0.0364
September 0.0366 0.0363 0.0364
October 0.0365 0.0354 0.0359
November 0.0362 0.0344 0.0351
December 0.0350 0.0338 0.0343