2019 MKD to BIF Historical Review

YEARLY HIGH

34.3133 BIF

YEARLY LOW

32.7462 BIF

YEARLY AVERAGE

33.5111 BIF

2019 MKD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 34.3133. Conversely, the yearly low was recorded on October 1, dropping to 32.7462.

This high-to-low spread represents a total annual volatility of 1.5671 BIF. From a start-to-finish perspective, comparing the January average rate of 33.4439 to the December average rate of 33.9171, the exchange rate registered a net change of 1.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 34.3133 was down 4.25% compared to the 2018 peak of 35.8357, 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 171,567 BIF

2018 Average 170,494 BIF

Yearly Trough Low 163,731 BIF

Transaction Impact: A difference of 7,835.69 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

33.9911

33.1035

JanuMarcMayJulySeptNove

MKD to BIF 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 33.4898, compared to 33.5323 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0425 points.

H1 Avg (Jan–Jun) 33.4898

H2 Avg (Jul–Dec) 33.5323

Volatility Range Comparison

Volatility

The most volatile month in 2019 was October, with a trading range of 1.1820 BIF (High: 33.9281 / Low: 32.7462). On the other end, May was the most stable month, with a tight range of 0.3294 BIF (High: 33.5186 / Low: 33.1892).

October Spread (Volatile) ±1.1820

May Spread (Stable) ±0.3294

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.3296 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3296

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 33.9171) against the same month in 2018 (average: 33.4088), the exchange rate shifted by +0.5084 (+1.52%).

2019 Avg (December) 33.9171

2018 Avg (December) 33.4088

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.8762	32.9790	33.4439
February	33.9772	32.8607	33.4240
March	33.8929	32.9942	33.4459
April	33.7291	33.1046	33.4426
May	33.5186	33.1892	33.3643
June	34.2341	33.1632	33.8185
July	34.0388	33.4204	33.7037
August	33.6863	33.1585	33.3740
September	33.5429	32.8007	33.1775
October	33.9281	32.7462	33.3929
November	33.8734	33.4763	33.6286
December	34.3133	33.5301	33.9171