2016 BRL to MKD Historical Review

YEARLY HIGH

18.1243 MKD

YEARLY LOW

13.6201 MKD

YEARLY AVERAGE

16.0484 MKD

2016 BRL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BRL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 18.1243. Conversely, the yearly low was recorded on February 16, dropping to 13.6201.

This high-to-low spread represents a total annual volatility of 4.5042 MKD. From a start-to-finish perspective, comparing the January average rate of 14.0195 to the December average rate of 17.4086, the exchange rate registered a net change of 24.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 18.1243 was down 13.80% compared to the 2015 peak of 21.0257, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 453,109 MKD

2015 Average 422,069 MKD

Yearly Trough Low 340,503 MKD

Transaction Impact: A difference of 112,605.73 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

17.8010

13.6231

JanuMarcMayJulySeptNove

BRL 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 14.9546, compared to 17.1421 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1875 points.

H1 Avg (Jan–Jun) 14.9546

H2 Avg (Jul–Dec) 17.1421

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 1.8849 MKD (High: 17.1781 / Low: 15.2932). On the other end, July was the most stable month, with a tight range of 0.5981 MKD (High: 17.1611 / Low: 16.5630).

June Spread (Volatile) ±1.8849

July Spread (Stable) ±0.5981

Growth Streaks & Declines

Trends

Between February and August, 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 October and November, when the average rate fell by 0.4421 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.4421

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 17.4528) against the same month in 2015 (average: 14.0999), the exchange rate shifted by +3.3529 (+23.78%).

2016 Avg (October) 17.4528

2015 Avg (October) 14.0999

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.3096	13.6771	14.0195
February	14.2385	13.6201	13.9712
March	15.4040	14.3556	14.9902
April	15.9340	14.6901	15.3282
May	15.9290	15.1427	15.4292
June	17.1781	15.2932	15.9895
July	17.1611	16.5630	16.9735
August	17.6104	16.7909	17.1249
September	17.1392	16.4674	16.8822
October	18.1243	16.7811	17.4528
November	17.5441	16.5959	17.0107
December	18.0163	16.4025	17.4086