2016 AFN to MKD Historical Review

YEARLY HIGH

0.8937 MKD

YEARLY LOW

0.7815 MKD

YEARLY AVERAGE

0.8213 MKD

2016 AFN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the AFN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 0.8937. Conversely, the yearly low was recorded on June 8, dropping to 0.7815.

This high-to-low spread represents a total annual volatility of 0.1122 MKD. From a start-to-finish perspective, comparing the January average rate of 0.8262 to the December average rate of 0.8788, the exchange rate registered a net change of 6.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.8937 was down 12.03% compared to the 2015 peak of 1.0159, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,468 MKD

2015 Average 4,539 MKD

Yearly Trough Low 3,907 MKD

Transaction Impact: A difference of 560.81 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.8874

0.7837

JanuMarcMayJulySeptNove

AFN 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 0.8037, compared to 0.8390 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0352 points.

H1 Avg (Jan–Jun) 0.8037

H2 Avg (Jul–Dec) 0.8390

Volatility Range Comparison

Volatility

The most volatile month in 2016 was August, with a trading range of 0.0484 MKD (High: 0.8477 / Low: 0.7993). On the other end, January was the most stable month, with a tight range of 0.0123 MKD (High: 0.8333 / Low: 0.8210).

August Spread (Volatile) ±0.0484

January Spread (Stable) ±0.0123

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0208 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0208

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.8788) against the same month in 2015 (average: 0.8361), the exchange rate shifted by +0.0426 (+5.10%).

2016 Avg (December) 0.8788

2015 Avg (December) 0.8361

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8333	0.8210	0.8262
February	0.8236	0.7907	0.8054
March	0.8252	0.7896	0.8078
April	0.8023	0.7877	0.7952
May	0.8045	0.7842	0.7954
June	0.8114	0.7815	0.7924
July	0.8146	0.8014	0.8091
August	0.8477	0.7993	0.8165
September	0.8344	0.8127	0.8239
October	0.8567	0.8309	0.8462
November	0.8731	0.8396	0.8593
December	0.8937	0.8586	0.8788