2018 BTN to MKD Historical Review

YEARLY HIGH

0.8107 MKD

YEARLY LOW

0.7181 MKD

YEARLY AVERAGE

0.7637 MKD

2018 BTN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the BTN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.8107. Conversely, the yearly low was recorded on October 11, dropping to 0.7181.

This high-to-low spread represents a total annual volatility of 0.0926 MKD. From a start-to-finish perspective, comparing the January average rate of 0.7934 to the December average rate of 0.7659, the exchange rate registered a net change of -3.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.8107 was down 10.03% compared to the 2017 peak of 0.9011, 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 4,054 MKD

2017 Average 4,196 MKD

Yearly Trough Low 3,590 MKD

Transaction Impact: A difference of 463.20 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.7999

0.7219

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 0.7747, compared to 0.7527 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0220 points.

H1 Avg (Jan–Jun) 0.7747

H2 Avg (Jul–Dec) 0.7527

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.0495 MKD (High: 0.7832 / Low: 0.7337). On the other end, March was the most stable month, with a tight range of 0.0093 MKD (High: 0.7717 / Low: 0.7625).

November Spread (Volatile) ±0.0495

March Spread (Stable) ±0.0093

Growth Streaks & Declines

Trends

Between April and June, 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 August and September, when the average rate fell by 0.0340 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0340

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 0.7934) against the same month in 2017 (average: 0.8500), the exchange rate shifted by -0.0567 (-6.66%).

2018 Avg (January) 0.7934

2017 Avg (January) 0.8500

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8107	0.7795	0.7934
February	0.7821	0.7679	0.7749
March	0.7717	0.7625	0.7678
April	0.7741	0.7568	0.7642
May	0.7858	0.7639	0.7719
June	0.7866	0.7652	0.7763
July	0.7722	0.7610	0.7672
August	0.7838	0.7446	0.7676
September	0.7477	0.7206	0.7336
October	0.7414	0.7181	0.7284
November	0.7832	0.7337	0.7535
December	0.7798	0.7520	0.7659