2013 BTN to MKD Historical Review

YEARLY HIGH

0.8861 MKD

YEARLY LOW

0.6794 MKD

YEARLY AVERAGE

0.7994 MKD

2013 BTN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the BTN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.8861. Conversely, the yearly low was recorded on August 28, dropping to 0.6794.

This high-to-low spread represents a total annual volatility of 0.2067 MKD. From a start-to-finish perspective, comparing the January average rate of 0.8678 to the December average rate of 0.7264, the exchange rate registered a net change of -16.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.8861 was down 9.86% compared to the 2012 peak of 0.9831, 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 4,431 MKD

2012 Average 4,554 MKD

Yearly Trough Low 3,397 MKD

Transaction Impact: A difference of 1,033.53 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.8900

0.7092

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 0.8592, compared to 0.7395 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1197 points.

H1 Avg (Jan–Jun) 0.8592

H2 Avg (Jul–Dec) 0.7395

Volatility Range Comparison

Volatility

The most volatile month in 2013 was August, with a trading range of 0.0898 MKD (High: 0.7692 / Low: 0.6794). On the other end, December was the most stable month, with a tight range of 0.0150 MKD (High: 0.7354 / Low: 0.7204).

August Spread (Volatile) ±0.0898

December Spread (Stable) ±0.0150

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0598 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0598

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2013: 0.8750) against the same month in 2012 (average: 0.9445), the exchange rate shifted by -0.0695 (-7.36%).

2013 Avg (February) 0.8750

2012 Avg (February) 0.9445

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8843	0.8558	0.8678
February	0.8861	0.8650	0.8750
March	0.8823	0.8523	0.8705
April	0.8857	0.8629	0.8710
May	0.8763	0.8510	0.8654
June	0.8499	0.7794	0.8057
July	0.8008	0.7667	0.7877
August	0.7692	0.6794	0.7399
September	0.7399	0.6911	0.7243
October	0.7442	0.7241	0.7326
November	0.7333	0.7157	0.7261
December	0.7354	0.7204	0.7264