2012 BTN to MKD Historical Review

YEARLY HIGH

0.9831 MKD

YEARLY LOW

0.8536 MKD

YEARLY AVERAGE

0.9108 MKD

2012 BTN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the BTN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 0.9831. Conversely, the yearly low was recorded on June 24, dropping to 0.8536.

This high-to-low spread represents a total annual volatility of 0.1295 MKD. From a start-to-finish perspective, comparing the January average rate of 0.9307 to the December average rate of 0.8638, the exchange rate registered a net change of -7.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.9831 was down 6.34% compared to the 2011 peak of 1.0496, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,916 MKD

2011 Average 4,739 MKD

Yearly Trough Low 4,268 MKD

Transaction Impact: A difference of 647.51 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.9790

0.8533

JanuMarcMayJulySeptNove

BTN 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 0.9101, compared to 0.9115 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.9101

H2 Avg (Jul–Dec) 0.9115

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 0.1016 MKD (High: 0.9740 / Low: 0.8724). On the other end, December was the most stable month, with a tight range of 0.0145 MKD (High: 0.8711 / Low: 0.8566).

September Spread (Volatile) ±0.1016

December Spread (Stable) ±0.0145

Growth Streaks & Declines

Trends

Between June and August, 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 September and October, when the average rate fell by 0.0373 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0373

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 0.9314) against the same month in 2011 (average: 0.9682), the exchange rate shifted by -0.0368 (-3.80%).

2012 Avg (July) 0.9314

2011 Avg (July) 0.9682

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9516	0.8865	0.9307
February	0.9614	0.9171	0.9445
March	0.9433	0.9009	0.9245
April	0.9212	0.8813	0.9031
May	0.8916	0.8665	0.8815
June	0.8920	0.8536	0.8762
July	0.9831	0.8848	0.9314
August	0.9751	0.9526	0.9685
September	0.9740	0.8724	0.9354
October	0.9636	0.8782	0.8981
November	0.8885	0.8558	0.8717
December	0.8711	0.8566	0.8638