2016 MKD to BGN Historical Review

YEARLY HIGH

0.0320 BGN

YEARLY LOW

0.0311 BGN

YEARLY AVERAGE

0.0318 BGN

2016 MKD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 0.0320. Conversely, the yearly low was recorded on May 2, dropping to 0.0311.

This high-to-low spread represents a total annual volatility of 0.0009 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0318 to the December average rate of 0.0318, the exchange rate registered a net change of 0.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0320 was down 2.39% compared to the 2015 peak of 0.0328, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 160 BGN

2015 Average 159 BGN

Yearly Trough Low 155 BGN

Transaction Impact: A difference of 4.58 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0318

0.0317

JanuMarcMayJulySeptNove

MKD to BGN 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 0.0317, compared to 0.0318 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0317

H2 Avg (Jul–Dec) 0.0318

Volatility Range Comparison

Volatility

The most volatile month in 2016 was May, with a trading range of 0.0007 BGN (High: 0.0318 / Low: 0.0311). On the other end, October was the most stable month, with a tight range of 0.0001 BGN (High: 0.0318 / Low: 0.0318).

May Spread (Volatile) ±0.0007

October Spread (Stable) ±0.0001

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 March and April, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2016: 0.0318) against the same month in 2015 (average: 0.0318), the exchange rate shifted by +0.0000 (+0.05%).

2016 Avg (November) 0.0318

2015 Avg (November) 0.0318

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0318	0.0317	0.0318
February	0.0318	0.0317	0.0318
March	0.0318	0.0316	0.0318
April	0.0318	0.0312	0.0317
May	0.0318	0.0311	0.0317
June	0.0318	0.0317	0.0318
July	0.0318	0.0318	0.0318
August	0.0318	0.0317	0.0318
September	0.0319	0.0316	0.0318
October	0.0318	0.0318	0.0318
November	0.0320	0.0318	0.0318
December	0.0319	0.0317	0.0318