2017 AZN to MKD Historical Review

YEARLY HIGH

34.8529 MKD

YEARLY LOW

29.2567 MKD

YEARLY AVERAGE

31.7606 MKD

2017 AZN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the AZN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 11, valuing the pair at 34.8529. Conversely, the yearly low was recorded on January 31, dropping to 29.2567.

This high-to-low spread represents a total annual volatility of 5.5961 MKD. From a start-to-finish perspective, comparing the January average rate of 31.2478 to the December average rate of 30.6319, the exchange rate registered a net change of -1.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 34.8529 was down 6.48% compared to the 2016 peak of 37.2675, 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 174,264 MKD

2016 Average 173,725 MKD

Yearly Trough Low 146,284 MKD

Transaction Impact: A difference of 27,980.71 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

34.4786

30.0975

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 32.6300, compared to 30.8912 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.7388 points.

H1 Avg (Jan–Jun) 32.6300

H2 Avg (Jul–Dec) 30.8912

Volatility Range Comparison

Volatility

The most volatile month in 2017 was February, with a trading range of 3.7005 MKD (High: 33.0057 / Low: 29.3052). On the other end, June was the most stable month, with a tight range of 0.6112 MKD (High: 32.6120 / Low: 32.0008).

February Spread (Volatile) ±3.7005

June Spread (Stable) ±0.6112

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.0718 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.0718

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2017: 34.1135) against the same month in 2016 (average: 35.8882), the exchange rate shifted by -1.7747 (-4.95%).

2017 Avg (April) 34.1135

2016 Avg (April) 35.8882

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.8037	29.2567	31.2478
February	33.0057	29.3052	31.7355
March	33.7066	32.7083	33.2275
April	34.8529	33.2382	34.1135
May	33.7765	32.2265	33.0417
June	32.6120	32.0008	32.4142
July	32.0658	30.8247	31.6541
August	31.1614	30.2106	30.8169
September	31.0083	30.0976	30.4626
October	31.2322	30.6029	30.9146
November	31.2753	30.3548	30.8671
December	31.0138	30.1512	30.6319