YEARLY HIGH
0.2075 BWP
YEARLY LOW
0.1826 BWP
YEARLY AVERAGE
0.1958 BWP

2016 MKD to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 9, valuing the pair at 0.2075. Conversely, the yearly low was recorded on December 21, dropping to 0.1826.

This high-to-low spread represents a total annual volatility of 0.0249 BWP. From a start-to-finish perspective, comparing the January average rate of 0.2033 to the December average rate of 0.1839, the exchange rate registered a net change of -9.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.2075 was up 2.79% compared to the 2015 peak of 0.2018, 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 1,037 BWP
2015 Average 914 BWP
Yearly Trough Low 913 BWP
Transaction Impact: A difference of 124.52 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.2053
0.1820
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 0.2015, compared to 0.1902 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0112 points.

H1 Avg (Jan–Jun) 0.2015
H2 Avg (Jul–Dec) 0.1902

Volatility Range Comparison

Volatility

The most volatile month in 2016 was May, with a trading range of 0.0113 BWP (High: 0.2049 / Low: 0.1936). On the other end, December was the most stable month, with a tight range of 0.0041 BWP (High: 0.1866 / Low: 0.1826).

May Spread (Volatile) ±0.0113
December Spread (Stable) ±0.0041

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0066 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0066

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 0.2034) against the same month in 2015 (average: 0.1773), the exchange rate shifted by +0.0261 (+14.71%).

2016 Avg (February) 0.2034
2015 Avg (February) 0.1773

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.2071 0.1977 0.2033
February 0.2075 0.1981 0.2034
March 0.2057 0.1994 0.2015
April 0.2038 0.1931 0.1985
May 0.2049 0.1936 0.2015
June 0.2051 0.1973 0.2006
July 0.1972 0.1918 0.1940
August 0.1956 0.1875 0.1910
September 0.1983 0.1900 0.1936
October 0.1937 0.1873 0.1908
November 0.1906 0.1847 0.1879
December 0.1866 0.1826 0.1839