YEARLY HIGH
7.2998 MKD
YEARLY LOW
3.0185 MKD
YEARLY AVERAGE
5.9413 MKD

2016 EGP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the EGP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 7.2998. Conversely, the yearly low was recorded on December 20, dropping to 3.0185.

This high-to-low spread represents a total annual volatility of 4.2812 MKD. From a start-to-finish perspective, comparing the January average rate of 7.2373 to the December average rate of 3.1735, the exchange rate registered a net change of -56.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 7.2998 was down 5.17% compared to the 2015 peak of 7.6980, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 36,499 MKD
2015 Average 35,965 MKD
Yearly Trough Low 15,093 MKD
Transaction Impact: A difference of 21,406.22 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

7.6437
2.7671
JanuMarcMayJulySeptNove

EGP 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 6.5635, compared to 5.3190 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2445 points.

H1 Avg (Jan–Jun) 6.5635
H2 Avg (Jul–Dec) 5.3190

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 3.1497 MKD (High: 6.2816 / Low: 3.1319). On the other end, September was the most stable month, with a tight range of 0.0458 MKD (High: 6.2098 / Low: 6.1640).

November Spread (Volatile) ±3.1497
September Spread (Stable) ±0.0458

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 2.4572 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -2.4572

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 7.2373) against the same month in 2015 (average: 7.2406), the exchange rate shifted by -0.0033 (-0.05%).

2016 Avg (January) 7.2373
2015 Avg (January) 7.2406

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 7.2998 7.2043 7.2373
February 7.2134 6.9558 7.0817
March 7.2358 6.1063 6.6110
April 6.1780 6.0865 6.1311
May 6.2375 6.0419 6.1491
June 6.3124 6.0897 6.1709
July 6.3067 6.2005 6.2595
August 6.2682 6.1134 6.1893
September 6.2098 6.1640 6.1897
October 6.3698 6.1656 6.2796
November 6.2816 3.1319 3.8224
December 3.2424 3.0185 3.1735