2016 BZD to MKD Historical Review

YEARLY HIGH

29.5172 MKD

YEARLY LOW

26.8667 MKD

YEARLY AVERAGE

27.8387 MKD

2016 BZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 29.5172. Conversely, the yearly low was recorded on June 23, dropping to 26.8667.

This high-to-low spread represents a total annual volatility of 2.6504 MKD. From a start-to-finish perspective, comparing the January average rate of 28.4019 to the December average rate of 29.1173, the exchange rate registered a net change of 2.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 29.5172 was up 0.59% compared to the 2015 peak of 29.3451, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 147,586 MKD

2015 Average 138,598 MKD

Yearly Trough Low 134,334 MKD

Transaction Impact: A difference of 13,252.07 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

29.3014

27.0922

JanuMarcMayJulySeptNove

BZD 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 27.6388, compared to 28.0387 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3998 points.

H1 Avg (Jan–Jun) 27.6388

H2 Avg (Jul–Dec) 28.0387

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 1.4306 MKD (High: 29.1034 / Low: 27.6727). On the other end, September was the most stable month, with a tight range of 0.1938 MKD (High: 27.5692 / Low: 27.3754).

November Spread (Volatile) ±1.4306

September Spread (Stable) ±0.1938

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.6001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 29.1173) against the same month in 2015 (average: 28.3179), the exchange rate shifted by +0.7994 (+2.82%).

2016 Avg (December) 29.1173

2015 Avg (December) 28.3179

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.6280	28.2708	28.4019
February	28.3559	27.3103	27.8018
March	28.4027	27.1735	27.7286
April	27.4871	27.0593	27.2763
May	27.6676	26.8721	27.2888
June	27.9046	26.8667	27.3355
July	27.9566	27.4992	27.7855
August	27.8537	27.1283	27.4881
September	27.5692	27.3754	27.4704
October	28.2697	27.3993	27.8785
November	29.1034	27.6727	28.4922
December	29.5172	28.6402	29.1173