2016 AZN to MKD Historical Review

YEARLY HIGH

37.2675 MKD

YEARLY LOW

32.4217 MKD

YEARLY AVERAGE

34.7461 MKD

2016 AZN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the AZN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 29, valuing the pair at 37.2675. Conversely, the yearly low was recorded on December 29, dropping to 32.4217.

This high-to-low spread represents a total annual volatility of 4.8458 MKD. From a start-to-finish perspective, comparing the January average rate of 35.7796 to the December average rate of 32.9494, the exchange rate registered a net change of -7.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 37.2675 was down 46.34% compared to the 2015 peak of 69.4486, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 186,338 MKD

2015 Average 274,764 MKD

Yearly Trough Low 162,108 MKD

Transaction Impact: A difference of 24,229.17 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

36.7269

32.6060

JanuMarcMayJulySeptNove

AZN 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 35.5713, compared to 33.9209 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6504 points.

H1 Avg (Jan–Jun) 35.5713

H2 Avg (Jul–Dec) 33.9209

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 3.0601 MKD (High: 36.3234 / Low: 33.2634). On the other end, September was the most stable month, with a tight range of 0.6265 MKD (High: 33.6961 / Low: 33.0696).

March Spread (Volatile) ±3.0601

September Spread (Stable) ±0.6265

Growth Streaks & Declines

Trends

Between March and May, 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 July and August, when the average rate fell by 1.6532 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.6532

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 36.3835) against the same month in 2015 (average: 52.5651), the exchange rate shifted by -16.1816 (-30.78%).

2016 Avg (May) 36.3835

2015 Avg (May) 52.5651

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	36.5548	34.7140	35.7796
February	36.0982	34.3000	35.0815
March	36.3234	33.2634	34.2734
April	36.5102	35.3507	35.8882
May	37.2675	35.6281	36.3835
June	37.0378	35.1412	36.0216
July	35.8948	34.5057	35.4768
August	34.5686	33.1413	33.8236
September	33.6961	33.0696	33.4164
October	34.9861	33.5936	34.4491
November	33.7541	32.9703	33.4099
December	33.3501	32.4217	32.9494