YEARLY HIGH
0.0615 TRY
YEARLY LOW
0.0510 TRY
YEARLY AVERAGE
0.0543 TRY

2016 MKD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 5, valuing the pair at 0.0615. Conversely, the yearly low was recorded on April 30, dropping to 0.0510.

This high-to-low spread represents a total annual volatility of 0.0105 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0530 to the December average rate of 0.0600, the exchange rate registered a net change of 13.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0615 was up 9.46% compared to the 2015 peak of 0.0562, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 307 TRY
2015 Average 246 TRY
Yearly Trough Low 255 TRY
Transaction Impact: A difference of 52.46 TRY purely based on transaction execution date.

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0.0608
0.0513
JanuMarcMayJulySeptNove

MKD to TRY 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 0.0529, compared to 0.0557 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.0529
H2 Avg (Jul–Dec) 0.0557

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0037 TRY (High: 0.0595 / Low: 0.0558). On the other end, March was the most stable month, with a tight range of 0.0008 TRY (High: 0.0525 / Low: 0.0517).

November Spread (Volatile) Âą0.0037
March Spread (Stable) Âą0.0008

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 February and March, when the average rate fell by 0.0010 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.0600) against the same month in 2015 (average: 0.0518), the exchange rate shifted by +0.0082 (+15.93%).

2016 Avg (December) 0.0600
2015 Avg (December) 0.0518

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Month High Low Average
January 0.0540 0.0515 0.0530
February 0.0538 0.0521 0.0531
March 0.0525 0.0517 0.0521
April 0.0528 0.0510 0.0521
May 0.0547 0.0511 0.0539
June 0.0536 0.0520 0.0532
July 0.0550 0.0519 0.0534
August 0.0546 0.0535 0.0539
September 0.0548 0.0533 0.0540
October 0.0556 0.0544 0.0551
November 0.0595 0.0558 0.0578
December 0.0615 0.0594 0.0600