2018 MKD to BWP Historical Review

YEARLY HIGH

0.2085 BWP

YEARLY LOW

0.1865 BWP

YEARLY AVERAGE

0.1954 BWP

2018 MKD to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MKD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 0.2085. Conversely, the yearly low was recorded on May 29, dropping to 0.1865.

This high-to-low spread represents a total annual volatility of 0.0220 BWP. From a start-to-finish perspective, comparing the January average rate of 0.1930 to the December average rate of 0.1977, the exchange rate registered a net change of 2.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.2085 was up 2.32% compared to the 2017 peak of 0.2038, 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 1,043 BWP

2017 Average 949 BWP

Yearly Trough Low 933 BWP

Transaction Impact: A difference of 110.00 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.2054

0.1891

JanuMarcMayJulySeptNove

MKD to BWP 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 0.1923, compared to 0.1985 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0062 points.

H1 Avg (Jan–Jun) 0.1923

H2 Avg (Jul–Dec) 0.1985

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.0097 BWP (High: 0.2030 / Low: 0.1933). On the other end, March was the most stable month, with a tight range of 0.0033 BWP (High: 0.1930 / Low: 0.1898).

August Spread (Volatile) ±0.0097

March Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

Between May and September, 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 September and October, when the average rate fell by 0.0050 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 0.2041) against the same month in 2017 (average: 0.1967), the exchange rate shifted by +0.0074 (+3.77%).

2018 Avg (September) 0.2041

2017 Avg (September) 0.1967

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1953	0.1906	0.1930
February	0.1946	0.1881	0.1916
March	0.1930	0.1898	0.1916
April	0.1944	0.1908	0.1926
May	0.1931	0.1865	0.1905
June	0.1986	0.1894	0.1944
July	0.1977	0.1933	0.1956
August	0.2030	0.1933	0.1981
September	0.2085	0.1997	0.2041
October	0.2022	0.1965	0.1991
November	0.2000	0.1926	0.1965
December	0.2007	0.1925	0.1977