YEARLY HIGH
5.6532 MKD
YEARLY LOW
4.9062 MKD
YEARLY AVERAGE
5.2806 MKD

2017 BWP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the BWP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 27, valuing the pair at 5.6532. Conversely, the yearly low was recorded on November 15, dropping to 4.9062.

This high-to-low spread represents a total annual volatility of 0.7470 MKD. From a start-to-finish perspective, comparing the January average rate of 5.4667 to the December average rate of 5.1199, the exchange rate registered a net change of -6.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 5.6532 was up 3.21% compared to the 2016 peak of 5.4775, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BWP based on timing:

Yearly Peak High 28,266 MKD
2016 Average 25,566 MKD
Yearly Trough Low 24,531 MKD
Transaction Impact: A difference of 3,734.90 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

5.6404
4.9264
JanuMarcMayJulySeptNove

BWP to MKD 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 5.4665, compared to 5.0947 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3718 points.

H1 Avg (Jan–Jun) 5.4665
H2 Avg (Jul–Dec) 5.0947

Volatility Range Comparison

Volatility

The most volatile month in 2017 was December, with a trading range of 0.2409 MKD (High: 5.2372 / Low: 4.9963). On the other end, August was the most stable month, with a tight range of 0.0668 MKD (High: 5.1431 / Low: 5.0763).

December Spread (Volatile) ±0.2409
August Spread (Stable) ±0.0668

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1590 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1590

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2017: 5.5809) against the same month in 2016 (average: 4.9632), the exchange rate shifted by +0.6178 (+12.45%).

2017 Avg (March) 5.5809
2016 Avg (March) 4.9632

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 5.5260 5.4333 5.4667
February 5.6304 5.4380 5.5378
March 5.6532 5.4926 5.5809
April 5.5355 5.4091 5.4673
May 5.4176 5.2940 5.3677
June 5.4120 5.2788 5.3785
July 5.2800 5.1642 5.2195
August 5.1431 5.0763 5.1110
September 5.1258 5.0293 5.0848
October 5.0987 5.0102 5.0470
November 5.0305 4.9062 4.9859
December 5.2372 4.9963 5.1199