YEARLY HIGH
0.0629 MKD
YEARLY LOW
0.0493 MKD
YEARLY AVERAGE
0.0577 MKD

2016 CDF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the CDF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 0.0629. Conversely, the yearly low was recorded on December 24, dropping to 0.0493.

This high-to-low spread represents a total annual volatility of 0.0136 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0611 to the December average rate of 0.0501, the exchange rate registered a net change of -18.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0629 was down 0.46% compared to the 2015 peak of 0.0632, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 315 MKD
2015 Average 299 MKD
Yearly Trough Low 247 MKD
Transaction Impact: A difference of 68.20 MKD purely based on transaction execution date.

āĻĒā§āϰāĻŦāĻŖāϤāĻžāϰ āϚāĻŋāĻ¤ā§āϰāĻžāϝāĻŧāύ

2016 āϏāĻžāϞ āϜ⧁āĻĄāĻŧ⧇ āĻŽāĻžāϏāĻŋāĻ• āĻ—āĻĄāĻŧ āĻ“āĻ āĻžāύāĻžāĻŽāĻžāĨ¤

0.0622
0.0490
JanuMarcMayJulySeptNove

CDF 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 0.0594, compared to 0.0560 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0034 points.

H1 Avg (Jan–Jun) 0.0594
H2 Avg (Jul–Dec) 0.0560

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0123 MKD (High: 0.0629 / Low: 0.0507). On the other end, September was the most stable month, with a tight range of 0.0007 MKD (High: 0.0566 / Low: 0.0559).

November Spread (Volatile) Âą0.0123
September Spread (Stable) Âą0.0007

Growth Streaks & Declines

Trends

Between August and November, 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 November and December, when the average rate fell by 0.0075 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0075

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2016: 0.0576) against the same month in 2015 (average: 0.0619), the exchange rate shifted by -0.0043 (-6.90%).

2016 Avg (November) 0.0576
2015 Avg (November) 0.0619

āĻŽāĻžāϏāĻŋāĻ• āĻŦāĻŋāĻļā§āϞ⧇āώāĻŖ

āĻĒā§āϰāϤāĻŋāϟāĻŋ āĻ•ā§āϝāĻžāϞ⧇āĻ¨ā§āĻĄāĻžāϰ āĻŽāĻžāϏ⧇āϰ āĻĒāϰāĻŋāϏāĻ‚āĻ–ā§āϝāĻžāύāĻ—āϤ āϏāĻžāϰāϏāĻ‚āĻ•ā§āώ⧇āĻĒāĨ¤

Month High Low Average
January 0.0616 0.0607 0.0611
February 0.0610 0.0587 0.0597
March 0.0613 0.0585 0.0597
April 0.0591 0.0582 0.0587
May 0.0597 0.0577 0.0588
June 0.0600 0.0564 0.0583
July 0.0589 0.0564 0.0584
August 0.0572 0.0553 0.0562
September 0.0566 0.0559 0.0563
October 0.0586 0.0558 0.0574
November 0.0629 0.0507 0.0576
December 0.0509 0.0493 0.0501