2017 AFN to MKD Historical Review

YEARLY HIGH

0.8843 MKD

YEARLY LOW

0.7365 MKD

YEARLY AVERAGE

0.8048 MKD

2017 AFN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the AFN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.8843. Conversely, the yearly low was recorded on December 30, dropping to 0.7365.

This high-to-low spread represents a total annual volatility of 0.1478 MKD. From a start-to-finish perspective, comparing the January average rate of 0.8672 to the December average rate of 0.7510, the exchange rate registered a net change of -13.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.8843 was down 1.05% compared to the 2016 peak of 0.8937, 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 4,421 MKD

2016 Average 4,107 MKD

Yearly Trough Low 3,682 MKD

Transaction Impact: A difference of 738.96 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.8789

0.7393

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 0.8461, compared to 0.7635 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0826 points.

H1 Avg (Jan–Jun) 0.8461

H2 Avg (Jul–Dec) 0.7635

Volatility Range Comparison

Volatility

The most volatile month in 2017 was April, with a trading range of 0.0334 MKD (High: 0.8668 / Low: 0.8334). On the other end, October was the most stable month, with a tight range of 0.0137 MKD (High: 0.7759 / Low: 0.7622).

April Spread (Volatile) ±0.0334

October Spread (Stable) ±0.0137

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0339 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0339

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.8672) against the same month in 2016 (average: 0.8262), the exchange rate shifted by +0.0410 (+4.96%).

2017 Avg (January) 0.8672

2016 Avg (January) 0.8262

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8843	0.8533	0.8672
February	0.8745	0.8551	0.8664
March	0.8768	0.8525	0.8649
April	0.8668	0.8334	0.8528
May	0.8346	0.8032	0.8189
June	0.8119	0.7951	0.8063
July	0.7971	0.7688	0.7828
August	0.7690	0.7503	0.7625
September	0.7645	0.7457	0.7538
October	0.7759	0.7622	0.7671
November	0.7750	0.7514	0.7638
December	0.7614	0.7365	0.7510