2016 BTN to MKD Historical Review

YEARLY HIGH

0.8733 MKD

YEARLY LOW

0.7989 MKD

YEARLY AVERAGE

0.8283 MKD

2016 BTN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BTN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 0.8733. Conversely, the yearly low was recorded on February 11, dropping to 0.7989.

This high-to-low spread represents a total annual volatility of 0.0744 MKD. From a start-to-finish perspective, comparing the January average rate of 0.8426 to the December average rate of 0.8603, the exchange rate registered a net change of 2.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.8733 was down 6.29% compared to the 2015 peak of 0.9319, 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 4,367 MKD

2015 Average 4,324 MKD

Yearly Trough Low 3,994 MKD

Transaction Impact: A difference of 372.06 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.8651

0.8079

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 0.8217, compared to 0.8350 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0133 points.

H1 Avg (Jan–Jun) 0.8217

H2 Avg (Jul–Dec) 0.8350

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0337 MKD (High: 0.8326 / Low: 0.7989). On the other end, September was the most stable month, with a tight range of 0.0100 MKD (High: 0.8272 / Low: 0.8172).

February Spread (Volatile) ±0.0337

September Spread (Stable) ±0.0100

Growth Streaks & Declines

Trends

Between August and December, 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 January and February, when the average rate fell by 0.0299 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0299

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.8603) against the same month in 2015 (average: 0.8482), the exchange rate shifted by +0.0122 (+1.44%).

2016 Avg (December) 0.8603

2015 Avg (December) 0.8482

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8586	0.8272	0.8426
February	0.8326	0.7989	0.8127
March	0.8370	0.8169	0.8263
April	0.8267	0.8121	0.8189
May	0.8264	0.8066	0.8158
June	0.8212	0.8031	0.8139
July	0.8342	0.8194	0.8270
August	0.8323	0.8096	0.8209
September	0.8272	0.8172	0.8227
October	0.8456	0.8209	0.8354
November	0.8535	0.8288	0.8435
December	0.8733	0.8404	0.8603