2016 MKD to BTN Historical Review

YEARLY HIGH

1.2517 BTN

YEARLY LOW

1.1451 BTN

YEARLY AVERAGE

1.2077 BTN

2016 MKD to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 11, valuing the pair at 1.2517. Conversely, the yearly low was recorded on December 20, dropping to 1.1451.

This high-to-low spread represents a total annual volatility of 0.1067 BTN. From a start-to-finish perspective, comparing the January average rate of 1.1869 to the December average rate of 1.1625, the exchange rate registered a net change of -2.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.2517 was down 0.30% compared to the 2015 peak of 1.2555, 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 6,259 BTN

2015 Average 5,787 BTN

Yearly Trough Low 5,725 BTN

Transaction Impact: A difference of 533.29 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.2374

1.1557

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 1.2173, compared to 1.1981 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0192 points.

H1 Avg (Jan–Jun) 1.2173

H2 Avg (Jul–Dec) 1.1981

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0506 BTN (High: 1.2517 / Low: 1.2011). On the other end, September was the most stable month, with a tight range of 0.0148 BTN (High: 1.2237 / Low: 1.2088).

February Spread (Volatile) ±0.0506

September Spread (Stable) ±0.0148

Growth Streaks & Declines

Trends

Between March and June, 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 November and December, when the average rate fell by 0.0232 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0232

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 1.2306) against the same month in 2015 (average: 1.1445), the exchange rate shifted by +0.0862 (+7.53%).

2016 Avg (February) 1.2306

2015 Avg (February) 1.1445

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2088	1.1647	1.1869
February	1.2517	1.2011	1.2306
March	1.2242	1.1947	1.2102
April	1.2314	1.2096	1.2212
May	1.2397	1.2101	1.2259
June	1.2452	1.2178	1.2287
July	1.2204	1.1988	1.2092
August	1.2351	1.2014	1.2183
September	1.2237	1.2088	1.2156
October	1.2182	1.1826	1.1972
November	1.2066	1.1716	1.1857
December	1.1900	1.1451	1.1625