YEARLY HIGH
19.0085 MKD
YEARLY LOW
16.9584 MKD
YEARLY AVERAGE
17.7796 MKD

2016 PGK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the PGK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 19.0085. Conversely, the yearly low was recorded on May 3, dropping to 16.9584.

This high-to-low spread represents a total annual volatility of 2.0501 MKD. From a start-to-finish perspective, comparing the January average rate of 18.7949 to the December average rate of 18.3968, the exchange rate registered a net change of -2.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 19.0085 was down 14.19% compared to the 2015 peak of 22.1508, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 95,042 MKD
2015 Average 100,337 MKD
Yearly Trough Low 84,792 MKD
Transaction Impact: A difference of 10,250.49 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

18.9454
17.1395
JanuMarcMayJulySeptNove

PGK 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 17.8604, compared to 17.6988 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1615 points.

H1 Avg (Jan–Jun) 17.8604
H2 Avg (Jul–Dec) 17.6988

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 1.1051 MKD (High: 18.6499 / Low: 17.5448). On the other end, September was the most stable month, with a tight range of 0.2362 MKD (High: 17.4415 / Low: 17.2053).

March Spread (Volatile) ±1.1051
September Spread (Stable) ±0.2362

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.6231 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.6231

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 18.7949) against the same month in 2015 (average: 20.2299), the exchange rate shifted by -1.4351 (-7.09%).

2016 Avg (January) 18.7949
2015 Avg (January) 20.2299

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 19.0085 18.6466 18.7949
February 18.6455 17.8905 18.2444
March 18.6499 17.5448 18.0581
April 17.6268 17.2616 17.4349
May 17.7088 16.9584 17.2900
June 17.8085 17.0762 17.3399
July 17.7969 17.3370 17.5650
August 17.5645 17.1244 17.3478
September 17.4415 17.2053 17.3280
October 17.8698 17.2349 17.5865
November 18.3432 17.4599 17.9689
December 18.6753 17.9654 18.3968