2019 MKD to BND Historical Review

YEARLY HIGH

0.0294 BND

YEARLY LOW

0.0239 BND

YEARLY AVERAGE

0.0250 BND

2019 MKD to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0294. Conversely, the yearly low was recorded on September 26, dropping to 0.0239.

This high-to-low spread represents a total annual volatility of 0.0055 BND. From a start-to-finish perspective, comparing the January average rate of 0.0291 to the December average rate of 0.0245, the exchange rate registered a net change of -15.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.0294 was up 0.25% compared to the 2018 peak of 0.0293, 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 147 BND

2018 Average 135 BND

Yearly Trough Low 120 BND

Transaction Impact: A difference of 27.44 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0295

0.0237

JanuMarcMayJulySeptNove

MKD to BND 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 0.0255, compared to 0.0245 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0255

H2 Avg (Jul–Dec) 0.0245

Volatility Range Comparison

Volatility

The most volatile month in 2019 was February, with a trading range of 0.0047 BND (High: 0.0294 / Low: 0.0247). On the other end, December was the most stable month, with a tight range of 0.0002 BND (High: 0.0246 / Low: 0.0244).

February Spread (Volatile) ±0.0047

December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0037 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 0.0291) against the same month in 2018 (average: 0.0262), the exchange rate shifted by +0.0029 (+11.00%).

2019 Avg (January) 0.0291

2018 Avg (January) 0.0262

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0294	0.0249	0.0291
February	0.0294	0.0247	0.0253
March	0.0250	0.0246	0.0248
April	0.0249	0.0244	0.0247
May	0.0249	0.0244	0.0245
June	0.0250	0.0244	0.0248
July	0.0249	0.0245	0.0247
August	0.0249	0.0243	0.0244
September	0.0248	0.0239	0.0242
October	0.0248	0.0240	0.0246
November	0.0246	0.0243	0.0244
December	0.0246	0.0244	0.0245