2019 BND to MKD Historical Review

YEARLY HIGH

41.7928 MKD

YEARLY LOW

33.9949 MKD

YEARLY AVERAGE

40.0790 MKD

2019 BND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the BND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 41.7928. Conversely, the yearly low was recorded on January 9, dropping to 33.9949.

This high-to-low spread represents a total annual volatility of 7.7979 MKD. From a start-to-finish perspective, comparing the January average rate of 34.4336 to the December average rate of 40.8032, the exchange rate registered a net change of 18.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 41.7928 was up 5.57% compared to the 2018 peak of 39.5861, 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 208,964 MKD

2018 Average 185,707 MKD

Yearly Trough Low 169,975 MKD

Transaction Impact: A difference of 38,989.60 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

41.9848

33.7471

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 39.3217, compared to 40.8362 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5145 points.

H1 Avg (Jan–Jun) 39.3217

H2 Avg (Jul–Dec) 40.8362

Volatility Range Comparison

Volatility

The most volatile month in 2019 was February, with a trading range of 6.4784 MKD (High: 40.5328 / Low: 34.0544). On the other end, December was the most stable month, with a tight range of 0.3928 MKD (High: 40.9794 / Low: 40.5866).

February Spread (Volatile) ±6.4784

December Spread (Stable) ±0.3928

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.6749 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.6749

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2019: 41.2984) against the same month in 2018 (average: 35.7943), the exchange rate shifted by +5.5041 (+15.38%).

2019 Avg (September) 41.2984

2018 Avg (September) 35.7943

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.1389	33.9949	34.4336
February	40.5328	34.0544	39.5651
March	40.5908	39.9958	40.2875
April	40.9079	40.1020	40.5506
May	40.9703	40.2177	40.7472
June	40.9626	39.9900	40.3463
July	40.8599	40.1295	40.4849
August	41.2288	40.0824	40.9071
September	41.7928	40.3462	41.2984
October	41.6550	40.3641	40.6235
November	41.1231	40.5848	40.9003
December	40.9794	40.5866	40.8032