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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.
Comparing the value generated converting 50,000 TRY based on timing:
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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)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 15.6614, compared to 14.3434 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 1.3180 points.
Volatility Range Comparison
VolatilityThe 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).
Growth Streaks & Declines
TrendsNo 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.
Same-Month Historical Baseline
YoY BaselineComparing 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%).
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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 |