YEARLY HIGH
63.0047 MKD
YEARLY LOW
60.7910 MKD
YEARLY AVERAGE
61.5721 MKD

2016 EUR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the EUR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 63.0047. Conversely, the yearly low was recorded on December 4, dropping to 60.7910.

This high-to-low spread represents a total annual volatility of 2.2137 MKD. From a start-to-finish perspective, comparing the January average rate of 61.5765 to the December average rate of 61.5060, the exchange rate registered a net change of -0.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 63.0047 was up 1.45% compared to the 2015 peak of 62.1034, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 315,023 MKD
2015 Average 307,460 MKD
Yearly Trough Low 303,955 MKD
Transaction Impact: A difference of 11,068.51 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

61.7472
61.4484
JanuMarcMayJulySeptNove

EUR 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 61.6251, compared to 61.5191 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1060 points.

H1 Avg (Jan–Jun) 61.6251
H2 Avg (Jul–Dec) 61.5191

Volatility Range Comparison

Volatility

The most volatile month in 2016 was May, with a trading range of 1.6635 MKD (High: 63.0047 / Low: 61.3412). On the other end, October was the most stable month, with a tight range of 0.3182 MKD (High: 61.6711 / Low: 61.3530).

May Spread (Volatile) ±1.6635
October Spread (Stable) ±0.3182

Growth Streaks & Declines

Trends

Between January and April, 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 September and October, when the average rate fell by 0.0817 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0817

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 61.6487) against the same month in 2015 (average: 61.5387), the exchange rate shifted by +0.1100 (+0.18%).

2016 Avg (May) 61.6487
2015 Avg (May) 61.5387

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 61.7533 61.4164 61.5765
February 61.8188 61.4616 61.5933
March 62.0303 61.5006 61.6330
April 62.8207 61.4443 61.7223
May 63.0047 61.3412 61.6487
June 61.8839 61.2407 61.5765
July 61.6899 61.3111 61.5126
August 61.7122 61.3464 61.5455
September 61.8926 61.4029 61.5795
October 61.6711 61.3530 61.4978
November 61.6536 61.2844 61.4733
December 61.6336 60.7910 61.5060