2018 MKD to BTN Historical Review

YEARLY HIGH

1.3926 BTN

YEARLY LOW

1.2335 BTN

YEARLY AVERAGE

1.3102 BTN

2018 MKD to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 11, valuing the pair at 1.3926. Conversely, the yearly low was recorded on January 9, dropping to 1.2335.

This high-to-low spread represents a total annual volatility of 0.1591 BTN. From a start-to-finish perspective, comparing the January average rate of 1.2606 to the December average rate of 1.3057, the exchange rate registered a net change of 3.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.3926 was up 10.74% compared to the 2017 peak of 1.2575, 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 6,963 BTN

2017 Average 5,966 BTN

Yearly Trough Low 6,167 BTN

Transaction Impact: A difference of 795.64 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.3843

1.2494

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 1.2910, compared to 1.3293 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0383 points.

H1 Avg (Jan–Jun) 1.2910

H2 Avg (Jul–Dec) 1.3293

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.0861 BTN (High: 1.3630 / Low: 1.2769). On the other end, March was the most stable month, with a tight range of 0.0157 BTN (High: 1.3115 / Low: 1.2958).

November Spread (Volatile) ±0.0861

March Spread (Stable) ±0.0157

Growth Streaks & Declines

Trends

Between January and April, 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 October and November, when the average rate fell by 0.0456 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0456

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2018: 1.3731) against the same month in 2017 (average: 1.2424), the exchange rate shifted by +0.1307 (+10.52%).

2018 Avg (October) 1.3731

2017 Avg (October) 1.2424

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2829	1.2335	1.2606
February	1.3022	1.2787	1.2905
March	1.3115	1.2958	1.3025
April	1.3214	1.2917	1.3086
May	1.3091	1.2726	1.2957
June	1.3068	1.2713	1.2883
July	1.3141	1.2951	1.3034
August	1.3430	1.2758	1.3030
September	1.3877	1.3374	1.3633
October	1.3926	1.3488	1.3731
November	1.3630	1.2769	1.3275
December	1.3299	1.2824	1.3057