2016 FJD to MKD Historical Review

YEARLY HIGH

28.1213 MKD

YEARLY LOW

25.4572 MKD

YEARLY AVERAGE

26.6820 MKD

2016 FJD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the FJD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 28.1213. Conversely, the yearly low was recorded on February 9, dropping to 25.4572.

This high-to-low spread represents a total annual volatility of 2.6641 MKD. From a start-to-finish perspective, comparing the January average rate of 26.3142 to the December average rate of 27.7600, the exchange rate registered a net change of 5.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 28.1213 was down 0.68% compared to the 2015 peak of 28.3126, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 140,606 MKD

2015 Average 132,702 MKD

Yearly Trough Low 127,286 MKD

Transaction Impact: A difference of 13,320.42 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

27.9385

25.7968

JanuMarcMayJulySeptNove

FJD 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 26.2212, compared to 27.1428 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9217 points.

H1 Avg (Jan–Jun) 26.2212

H2 Avg (Jul–Dec) 27.1428

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 1.1384 MKD (High: 26.9021 / Low: 25.7637). On the other end, September was the most stable month, with a tight range of 0.4041 MKD (High: 26.9318 / Low: 26.5277).

June Spread (Volatile) ±1.1384

September Spread (Stable) ±0.4041

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.3447 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3447

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 27.7600) against the same month in 2015 (average: 26.4968), the exchange rate shifted by +1.2633 (+4.77%).

2016 Avg (December) 27.7600

2015 Avg (December) 26.4968

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	26.6985	25.8796	26.3142
February	26.5694	25.4572	25.9821
March	26.7181	26.2268	26.4124
April	26.6059	25.9131	26.3200
May	26.5716	25.7243	25.9753
June	26.9021	25.7637	26.3233
July	27.1732	26.6083	26.9407
August	27.0883	26.5517	26.7927
September	26.9318	26.5277	26.8017
October	27.5363	26.5056	27.0803
November	27.8238	26.9959	27.4816
December	28.1213	27.3845	27.7600