2016 GHS to MKD Historical Review

YEARLY HIGH

14.9645 MKD

YEARLY LOW

13.2934 MKD

YEARLY AVERAGE

14.1007 MKD

2016 GHS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the GHS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 14.9645. Conversely, the yearly low was recorded on December 6, dropping to 13.2934.

This high-to-low spread represents a total annual volatility of 1.6711 MKD. From a start-to-finish perspective, comparing the January average rate of 14.5631 to the December average rate of 13.7814, the exchange rate registered a net change of -5.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 14.9645 was down 13.82% compared to the 2015 peak of 17.3637, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 74,823 MKD

2015 Average 73,707 MKD

Yearly Trough Low 66,467 MKD

Transaction Impact: A difference of 8,355.30 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

14.6413

13.7033

JanuMarcMayJulySeptNove

GHS 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 14.2318, compared to 13.9697 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2621 points.

H1 Avg (Jan–Jun) 14.2318

H2 Avg (Jul–Dec) 13.9697

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 1.0945 MKD (High: 14.5162 / Low: 13.4217). On the other end, September was the most stable month, with a tight range of 0.1936 MKD (High: 13.9451 / Low: 13.7515).

November Spread (Volatile) ±1.0945

September Spread (Stable) ±0.1936

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.5800 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5800

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 14.5631) against the same month in 2015 (average: 16.1317), the exchange rate shifted by -1.5686 (-9.72%).

2016 Avg (January) 14.5631

2015 Avg (January) 16.1317

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.9645	14.1882	14.5631
February	14.5327	13.6951	13.9831
March	14.5519	14.1472	14.3428
April	14.4404	14.0563	14.2104
May	14.4231	14.1107	14.2377
June	14.3777	13.7625	14.0534
July	14.1761	13.9463	14.0768
August	14.0624	13.7055	13.9344
September	13.9451	13.7515	13.8728
October	14.2668	13.7623	14.0323
November	14.5162	13.4217	14.1202
December	14.2842	13.2934	13.7814