2017 ETB to MKD Historical Review

YEARLY HIGH

2.6284 MKD

YEARLY LOW

1.8733 MKD

YEARLY AVERAGE

2.2966 MKD

2017 ETB to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the ETB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 2.6284. Conversely, the yearly low was recorded on December 30, dropping to 1.8733.

This high-to-low spread represents a total annual volatility of 0.7551 MKD. From a start-to-finish perspective, comparing the January average rate of 2.5652 to the December average rate of 1.9003, the exchange rate registered a net change of -25.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.6284 was down 2.48% compared to the 2016 peak of 2.6952, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,142 MKD

2016 Average 12,745 MKD

Yearly Trough Low 9,367 MKD

Transaction Impact: A difference of 3,775.33 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.6316

1.8338

JanuMarcMayJulySeptNove

ETB 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 2.4950, compared to 2.0983 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3967 points.

H1 Avg (Jan–Jun) 2.4950

H2 Avg (Jul–Dec) 2.0983

Volatility Range Comparison

Volatility

The most volatile month in 2017 was October, with a trading range of 0.3211 MKD (High: 2.2358 / Low: 1.9147). On the other end, September was the most stable month, with a tight range of 0.0504 MKD (High: 2.2257 / Low: 2.1753).

October Spread (Volatile) ±0.3211

September Spread (Stable) ±0.0504

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 September and October, when the average rate fell by 0.1641 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.1641

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 2.5652) against the same month in 2016 (average: 2.6674), the exchange rate shifted by -0.1022 (-3.83%).

2017 Avg (January) 2.5652

2016 Avg (January) 2.6674

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6284	2.5169	2.5652
February	2.5879	2.5066	2.5533
March	2.5896	2.4906	2.5377
April	2.5541	2.4552	2.5159
May	2.4654	2.3821	2.4205
June	2.3990	2.3271	2.3774
July	2.3432	2.2561	2.2998
August	2.2618	2.1803	2.2368
September	2.2257	2.1753	2.1985
October	2.2358	1.9147	2.0344
November	1.9501	1.8838	1.9201
December	1.9303	1.8733	1.9003