2018 BZD to MKD Historical Review

YEARLY HIGH

27.1050 MKD

YEARLY LOW

24.4954 MKD

YEARLY AVERAGE

25.9409 MKD

2018 BZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the BZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 27.1050. Conversely, the yearly low was recorded on February 1, dropping to 24.4954.

This high-to-low spread represents a total annual volatility of 2.6096 MKD. From a start-to-finish perspective, comparing the January average rate of 25.1192 to the December average rate of 26.8386, the exchange rate registered a net change of 6.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 27.1050 was down 7.76% compared to the 2017 peak of 29.3862, 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 135,525 MKD

2017 Average 135,788 MKD

Yearly Trough Low 122,477 MKD

Transaction Impact: A difference of 13,047.79 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

27.0830

24.6070

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 25.3047, compared to 26.5771 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2724 points.

H1 Avg (Jan–Jun) 25.3047

H2 Avg (Jul–Dec) 26.5771

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 1.2203 MKD (High: 26.5346 / Low: 25.3143). On the other end, July was the most stable month, with a tight range of 0.2635 MKD (High: 26.3303 / Low: 26.0668).

May Spread (Volatile) ±1.2203

July Spread (Stable) ±0.2635

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.3059 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.3059

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 26.8767) against the same month in 2017 (average: 26.0903), the exchange rate shifted by +0.7864 (+3.01%).

2018 Avg (November) 26.8767

2017 Avg (November) 26.0903

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	25.6977	24.6683	25.1192
February	25.1251	24.4954	24.8133
March	25.0057	24.6089	24.8474
April	25.3464	24.7448	24.9666
May	26.5346	25.3143	25.9142
June	26.4877	25.8799	26.1676
July	26.3303	26.0668	26.2132
August	27.0066	26.1462	26.5687
September	26.4896	26.0055	26.2934
October	27.0626	26.3985	26.6722
November	27.1050	26.6195	26.8767
December	27.0589	26.6446	26.8386