2012 MKD to BTN Historical Review

YEARLY HIGH

1.1715 BTN

YEARLY LOW

1.0172 BTN

YEARLY AVERAGE

1.0997 BTN

2012 MKD to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MKD to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 22, valuing the pair at 1.1715. Conversely, the yearly low was recorded on July 26, dropping to 1.0172.

This high-to-low spread represents a total annual volatility of 0.1543 BTN. From a start-to-finish perspective, comparing the January average rate of 1.0750 to the December average rate of 1.1577, the exchange rate registered a net change of 7.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.1715 was up 1.86% compared to the 2011 peak of 1.1501, 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 5,858 BTN

2011 Average 5,284 BTN

Yearly Trough Low 5,086 BTN

Transaction Impact: A difference of 771.61 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.1702

1.0201

JanuMarcMayJulySeptNove

MKD to BTN 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 1.0999, compared to 1.0996 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 1.0999

H2 Avg (Jul–Dec) 1.0996

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 0.1196 BTN (High: 1.1463 / Low: 1.0267). On the other end, December was the most stable month, with a tight range of 0.0195 BTN (High: 1.1674 / Low: 1.1479).

September Spread (Volatile) ±0.1196

December Spread (Stable) ±0.0195

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0659 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0659

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2012: 1.1415) against the same month in 2011 (average: 1.0509), the exchange rate shifted by +0.0906 (+8.62%).

2012 Avg (June) 1.1415

2011 Avg (June) 1.0509

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1281	1.0509	1.0750
February	1.0904	1.0401	1.0589
March	1.1100	1.0602	1.0819
April	1.1347	1.0855	1.1075
May	1.1540	1.1216	1.1345
June	1.1715	1.1211	1.1415
July	1.1302	1.0172	1.0756
August	1.0498	1.0256	1.0326
September	1.1463	1.0267	1.0704
October	1.1387	1.0378	1.1138
November	1.1685	1.1256	1.1473
December	1.1674	1.1479	1.1577