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2016 MKD to BWP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MKD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 9, valuing the pair at 0.2075. Conversely, the yearly low was recorded on December 21, dropping to 0.1826.
This high-to-low spread represents a total annual volatility of 0.0249 BWP. From a start-to-finish perspective, comparing the January average rate of 0.2033 to the December average rate of 0.1839, the exchange rate registered a net change of -9.51% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 0.2075 was up 2.79% compared to the 2015 peak of 0.2018, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
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MKD to BWP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 0.2015, compared to 0.1902 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 0.0112 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was May, with a trading range of 0.0113 BWP (High: 0.2049 / Low: 0.1936). On the other end, December was the most stable month, with a tight range of 0.0041 BWP (High: 0.1866 / Low: 0.1826).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0066 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2016: 0.2034) against the same month in 2015 (average: 0.1773), the exchange rate shifted by +0.0261 (+14.71%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 0.2071 | 0.1977 | 0.2033 |
| February | 0.2075 | 0.1981 | 0.2034 |
| March | 0.2057 | 0.1994 | 0.2015 |
| April | 0.2038 | 0.1931 | 0.1985 |
| May | 0.2049 | 0.1936 | 0.2015 |
| June | 0.2051 | 0.1973 | 0.2006 |
| July | 0.1972 | 0.1918 | 0.1940 |
| August | 0.1956 | 0.1875 | 0.1910 |
| September | 0.1983 | 0.1900 | 0.1936 |
| October | 0.1937 | 0.1873 | 0.1908 |
| November | 0.1906 | 0.1847 | 0.1879 |
| December | 0.1866 | 0.1826 | 0.1839 |