YEARLY HIGH
16.5873 MKD
YEARLY LOW
13.0435 MKD
YEARLY AVERAGE
15.0024 MKD

2017 TRY to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the TRY to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 16.5873. Conversely, the yearly low was recorded on November 25, dropping to 13.0435.

This high-to-low spread represents a total annual volatility of 3.5438 MKD. From a start-to-finish perspective, comparing the January average rate of 15.4787 to the December average rate of 13.5441, the exchange rate registered a net change of -12.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 16.5873 was down 15.40% compared to the 2016 peak of 19.6074, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 829,364 MKD
2016 Average 922,231 MKD
Yearly Trough Low 652,173 MKD
Transaction Impact: A difference of 177,191.30 MKD purely based on transaction execution date.

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16.0445
13.2389
JanuMarcMayJulySeptNove

TRY 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 15.6614, compared to 14.3434 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3180 points.

H1 Avg (Jan–Jun) 15.6614
H2 Avg (Jul–Dec) 14.3434

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 1.7334 MKD (High: 16.5873 / Low: 14.8539). On the other end, April was the most stable month, with a tight range of 0.3897 MKD (High: 15.9591 / Low: 15.5694).

January Spread (Volatile) Âą1.7334
April Spread (Stable) Âą0.3897

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.7697 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.7697

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 15.4787) against the same month in 2016 (average: 18.8848), the exchange rate shifted by -3.4061 (-18.04%).

2017 Avg (January) 15.4787
2016 Avg (January) 18.8848

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Month High Low Average
January 16.5873 14.8539 15.4787
February 16.2983 15.1581 15.8107
March 16.0075 15.4251 15.7083
April 15.9591 15.5694 15.7589
May 15.9980 15.2614 15.6084
June 15.7408 15.3238 15.6035
July 15.3286 14.8023 15.0251
August 15.1065 14.6308 14.8831
September 15.1423 14.6241 14.8928
October 14.7029 13.8538 14.2424
November 13.8968 13.0435 13.4727
December 13.6481 13.1851 13.5441