2019 MKD to BTN Historical Review

YEARLY HIGH

1.3308 BTN

YEARLY LOW

1.2450 BTN

YEARLY AVERAGE

1.2804 BTN

2019 MKD to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MKD to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 1.3308. Conversely, the yearly low was recorded on August 1, dropping to 1.2450.

This high-to-low spread represents a total annual volatility of 0.0859 BTN. From a start-to-finish perspective, comparing the January average rate of 1.3085 to the December average rate of 1.2858, the exchange rate registered a net change of -1.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.3308 was down 4.43% compared to the 2018 peak of 1.3926, 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 6,654 BTN

2018 Average 6,551 BTN

Yearly Trough Low 6,225 BTN

Transaction Impact: A difference of 429.37 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.3157

1.2511

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 1.2842, compared to 1.2766 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0076 points.

H1 Avg (Jan–Jun) 1.2842

H2 Avg (Jul–Dec) 1.2766

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0555 BTN (High: 1.3004 / Low: 1.2450). On the other end, November was the most stable month, with a tight range of 0.0202 BTN (High: 1.2927 / Low: 1.2724).

August Spread (Volatile) ±0.0555

November Spread (Stable) ±0.0202

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 February and March, when the average rate fell by 0.0335 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0335

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2019: 1.3103) against the same month in 2018 (average: 1.2905), the exchange rate shifted by +0.0198 (+1.54%).

2019 Avg (February) 1.3103

2018 Avg (February) 1.2905

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3268	1.2836	1.3085
February	1.3308	1.2946	1.3103
March	1.3112	1.2605	1.2768
April	1.2760	1.2491	1.2685
May	1.2867	1.2563	1.2670
June	1.2849	1.2591	1.2740
July	1.2788	1.2463	1.2565
August	1.3004	1.2450	1.2826
September	1.2928	1.2531	1.2755
October	1.2913	1.2584	1.2762
November	1.2927	1.2724	1.2830
December	1.3015	1.2762	1.2858