2016 BND to MKD Historical Review

YEARLY HIGH

41.3681 MKD

YEARLY LOW

39.0715 MKD

YEARLY AVERAGE

40.3122 MKD

2016 BND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 41.3681. Conversely, the yearly low was recorded on February 9, dropping to 39.0715.

This high-to-low spread represents a total annual volatility of 2.2965 MKD. From a start-to-finish perspective, comparing the January average rate of 39.5918 to the December average rate of 40.6513, the exchange rate registered a net change of 2.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 41.3681 was down 2.89% compared to the 2015 peak of 42.5999, 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 206,840 MKD

2015 Average 201,734 MKD

Yearly Trough Low 195,358 MKD

Transaction Impact: A difference of 11,482.61 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

41.3353

39.3269

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 40.0040, compared to 40.6205 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6165 points.

H1 Avg (Jan–Jun) 40.0040

H2 Avg (Jul–Dec) 40.6205

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 1.4410 MKD (High: 41.0907 / Low: 39.6496). On the other end, July was the most stable month, with a tight range of 0.4102 MKD (High: 41.3207 / Low: 40.9104).

June Spread (Volatile) ±1.4410

July Spread (Stable) ±0.4102

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.4561 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4561

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 40.7713) against the same month in 2015 (average: 39.5767), the exchange rate shifted by +1.1945 (+3.02%).

2016 Avg (August) 40.7713

2015 Avg (August) 39.5767

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.1162	39.1624	39.5918
February	40.2035	39.0715	39.4943
March	40.6588	40.0081	40.3356
April	40.8749	39.9547	40.3203
May	40.7956	39.4262	39.8642
June	41.0907	39.6496	40.4175
July	41.3207	40.9104	41.1680
August	41.3681	40.2377	40.7713
September	40.7417	40.1192	40.4183
October	40.6166	40.0203	40.3120
November	40.7456	39.9793	40.4022
December	41.0138	40.1649	40.6513