2016 GEL to MKD Historical Review

YEARLY HIGH

25.8549 MKD

YEARLY LOW

21.0856 MKD

YEARLY AVERAGE

23.5878 MKD

2016 GEL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the GEL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 31, valuing the pair at 25.8549. Conversely, the yearly low was recorded on December 21, dropping to 21.0856.

This high-to-low spread represents a total annual volatility of 4.7693 MKD. From a start-to-finish perspective, comparing the January average rate of 23.2635 to the December average rate of 22.0174, the exchange rate registered a net change of -5.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 25.8549 was down 22.25% compared to the 2015 peak of 33.2545, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 129,274 MKD

2015 Average 127,159 MKD

Yearly Trough Low 105,428 MKD

Transaction Impact: A difference of 23,846.39 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

25.3376

21.7155

JanuMarcMayJulySeptNove

GEL 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 23.8443, compared to 23.3313 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5131 points.

H1 Avg (Jan–Jun) 23.8443

H2 Avg (Jul–Dec) 23.3313

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 2.2882 MKD (High: 25.7879 / Low: 23.4997). On the other end, July was the most stable month, with a tight range of 0.4618 MKD (High: 23.8798 / Low: 23.4180).

June Spread (Volatile) ±2.2882

July Spread (Stable) ±0.4618

Growth Streaks & Declines

Trends

Between February and May, 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 June and July, when the average rate fell by 1.2481 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2481

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 25.0358) against the same month in 2015 (average: 23.7892), the exchange rate shifted by +1.2465 (+5.24%).

2016 Avg (May) 25.0358

2015 Avg (May) 23.7892

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.6928	22.7560	23.2635
February	22.9334	21.9254	22.3409
March	23.9356	22.6864	23.3057
April	24.6438	23.5793	24.1276
May	25.8549	24.2890	25.0358
June	25.7879	23.4997	24.9925
July	23.8798	23.4180	23.7444
August	23.9992	23.3673	23.7076
September	24.0665	23.4549	23.7854
October	23.9770	23.4353	23.6702
November	23.4540	22.7421	23.0627
December	22.5747	21.0856	22.0174