2018 BND to MKD Historical Review

YEARLY HIGH

39.5861 MKD

YEARLY LOW

34.0795 MKD

YEARLY AVERAGE

37.1452 MKD

2018 BND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the BND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 2, valuing the pair at 39.5861. Conversely, the yearly low was recorded on December 29, dropping to 34.0795.

This high-to-low spread represents a total annual volatility of 5.5066 MKD. From a start-to-finish perspective, comparing the January average rate of 38.1920 to the December average rate of 34.4911, the exchange rate registered a net change of -9.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 39.5861 was down 4.95% compared to the 2017 peak of 41.6492, 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 197,930 MKD

2017 Average 197,716 MKD

Yearly Trough Low 170,398 MKD

Transaction Impact: A difference of 27,532.83 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

38.9703

34.0839

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 37.8941, compared to 36.3963 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4978 points.

H1 Avg (Jan–Jun) 37.8941

H2 Avg (Jul–Dec) 36.3963

Volatility Range Comparison

Volatility

The most volatile month in 2018 was December, with a trading range of 5.5066 MKD (High: 39.5861 / Low: 34.0795). On the other end, April was the most stable month, with a tight range of 0.4037 MKD (High: 38.3177 / Low: 37.9139).

December Spread (Volatile) ±5.5066

April Spread (Stable) ±0.4037

Growth Streaks & Declines

Trends

Between February and May, 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 2.8625 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.8625

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 34.4911) against the same month in 2017 (average: 38.6190), the exchange rate shifted by -4.1279 (-10.69%).

2018 Avg (December) 34.4911

2017 Avg (December) 38.6190

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.6596	37.8590	38.1920
February	38.1771	37.4751	37.7930
March	38.1922	37.6641	37.9560
April	38.3177	37.9139	38.1096
May	39.4200	35.3217	38.5631
June	39.5588	34.4504	36.7509
July	39.1356	34.7501	37.2212
August	38.8355	34.8061	35.4558
September	38.3918	34.6220	35.7943
October	39.3178	37.6432	38.0620
November	39.4750	34.6022	37.3536
December	39.5861	34.0795	34.4911