2012 BND to MKD Historical Review

YEARLY HIGH

40.5337 MKD

YEARLY LOW

36.5010 MKD

YEARLY AVERAGE

38.3603 MKD

2012 BND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the BND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 40.5337. Conversely, the yearly low was recorded on February 25, dropping to 36.5010.

This high-to-low spread represents a total annual volatility of 4.0328 MKD. From a start-to-finish perspective, comparing the January average rate of 37.2270 to the December average rate of 38.6919, the exchange rate registered a net change of 3.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 40.5337 was up 10.42% compared to the 2011 peak of 36.7090, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 202,669 MKD

2011 Average 175,556 MKD

Yearly Trough Low 182,505 MKD

Transaction Impact: A difference of 20,163.88 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

40.2144

36.6934

JanuMarcMayJulySeptNove

BND 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 37.4895, compared to 39.2312 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7417 points.

H1 Avg (Jan–Jun) 37.4895

H2 Avg (Jul–Dec) 39.2312

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 2.0154 MKD (High: 40.5337 / Low: 38.5183). On the other end, December was the most stable month, with a tight range of 0.2917 MKD (High: 38.8761 / Low: 38.5844).

July Spread (Volatile) ±2.0154

December Spread (Stable) ±0.2917

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.5489 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.5489

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 39.4280) against the same month in 2011 (average: 35.3257), the exchange rate shifted by +4.1023 (+11.61%).

2012 Avg (July) 39.4280

2011 Avg (July) 35.3257

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.5788	36.6518	37.2270
February	37.6957	36.5010	37.0941
March	37.3628	36.6735	36.9868
April	37.5793	36.6735	37.3178
May	38.3042	37.5697	37.9486
June	38.7245	38.1302	38.3628
July	40.5337	38.5183	39.4280
August	40.4185	39.0811	39.9210
September	40.4237	38.5797	39.4212
October	39.0445	38.5668	38.8723
November	39.2009	38.8369	39.0527
December	38.8761	38.5844	38.6919