2015 BND to MKD Historical Review

YEARLY HIGH

42.5999 MKD

YEARLY LOW

37.8018 MKD

YEARLY AVERAGE

40.3464 MKD

2015 BND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the BND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 27, valuing the pair at 42.5999. Conversely, the yearly low was recorded on August 24, dropping to 37.8018.

This high-to-low spread represents a total annual volatility of 4.7981 MKD. From a start-to-finish perspective, comparing the January average rate of 39.3390 to the December average rate of 40.1233, the exchange rate registered a net change of 1.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 42.5999 was up 10.61% compared to the 2014 peak of 38.5143, 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 212,999 MKD

2014 Average 183,090 MKD

Yearly Trough Low 189,009 MKD

Transaction Impact: A difference of 23,990.61 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

42.5760

38.3637

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 40.8436, compared to 39.8492 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9943 points.

H1 Avg (Jan–Jun) 40.8436

H2 Avg (Jul–Dec) 39.8492

Volatility Range Comparison

Volatility

The most volatile month in 2015 was August, with a trading range of 3.1570 MKD (High: 40.9588 / Low: 37.8018). On the other end, February was the most stable month, with a tight range of 0.5547 MKD (High: 40.2995 / Low: 39.7448).

August Spread (Volatile) ±3.1570

February Spread (Stable) ±0.5547

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 July and August, when the average rate fell by 1.5418 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.5418

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2015: 42.2250) against the same month in 2014 (average: 35.5483), the exchange rate shifted by +6.6767 (+18.78%).

2015 Avg (April) 42.2250

2014 Avg (April) 35.5483

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.3871	37.8526	39.3390
February	40.2995	39.7448	39.9944
March	42.1510	40.3120	41.3304
April	42.5999	41.6244	42.2250
May	41.9901	40.6444	41.3680
June	41.6855	40.4286	40.8047
July	41.4199	40.6890	41.1185
August	40.9588	37.8018	39.5767
September	39.0797	38.1816	38.7147
October	40.1644	38.1078	38.9889
November	41.2738	39.9013	40.5734
December	41.1237	39.7221	40.1233