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2016 PHP to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the PHP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 1.2176. Conversely, the yearly low was recorded on October 1, dropping to 1.1317.
This high-to-low spread represents a total annual volatility of 0.0858 MKD. From a start-to-finish perspective, comparing the January average rate of 1.1927 to the December average rate of 1.1730, the exchange rate registered a net change of -1.65% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 1.2176 was down 8.04% compared to the 2015 peak of 1.3240, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 PHP based on timing:
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PHP to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 1.1773, compared to 1.1666 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 0.0108 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was September, with a trading range of 0.0506 MKD (High: 1.1824 / Low: 1.1318). On the other end, July was the most stable month, with a tight range of 0.0196 MKD (High: 1.1900 / Low: 1.1704).
Growth Streaks & Declines
TrendsBetween May and July, 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 January and February, when the average rate fell by 0.0278 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2016: 1.1927) against the same month in 2015 (average: 1.1803), the exchange rate shifted by +0.0124 (+1.05%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 1.2176 | 1.1790 | 1.1927 |
| February | 1.1895 | 1.1470 | 1.1648 |
| March | 1.1994 | 1.1766 | 1.1874 |
| April | 1.1840 | 1.1613 | 1.1743 |
| May | 1.1862 | 1.1368 | 1.1661 |
| June | 1.1872 | 1.1643 | 1.1787 |
| July | 1.1900 | 1.1704 | 1.1813 |
| August | 1.1876 | 1.1677 | 1.1786 |
| September | 1.1824 | 1.1318 | 1.1558 |
| October | 1.1719 | 1.1317 | 1.1528 |
| November | 1.1685 | 1.1390 | 1.1578 |
| December | 1.1856 | 1.1520 | 1.1730 |