YEARLY HIGH
1.1877 MKD
YEARLY LOW
1.0038 MKD
YEARLY AVERAGE
1.0850 MKD

2017 PHP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the PHP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 1.1877. Conversely, the yearly low was recorded on August 29, dropping to 1.0038.

This high-to-low spread represents a total annual volatility of 0.1839 MKD. From a start-to-finish perspective, comparing the January average rate of 1.1635 to the December average rate of 1.0338, the exchange rate registered a net change of -11.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.1877 was down 2.45% compared to the 2016 peak of 1.2176, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 296,916 MKD
2016 Average 293,008 MKD
Yearly Trough Low 250,948 MKD
Transaction Impact: A difference of 45,968.15 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.1785
0.9989
JanuMarcMayJulySeptNove

PHP 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 1.1405, compared to 1.0296 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1110 points.

H1 Avg (Jan–Jun) 1.1405
H2 Avg (Jul–Dec) 1.0296

Volatility Range Comparison

Volatility

The most volatile month in 2017 was April, with a trading range of 0.0486 MKD (High: 1.1739 / Low: 1.1253). On the other end, December was the most stable month, with a tight range of 0.0170 MKD (High: 1.0408 / Low: 1.0239).

April Spread (Volatile) ±0.0486
December Spread (Stable) ±0.0170

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 June and July, when the average rate fell by 0.0459 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0459

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 1.1635) against the same month in 2016 (average: 1.1927), the exchange rate shifted by -0.0292 (-2.44%).

2017 Avg (January) 1.1635
2016 Avg (January) 1.1927

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.1877 1.1459 1.1635
February 1.1672 1.1484 1.1579
March 1.1660 1.1315 1.1485
April 1.1739 1.1253 1.1543
May 1.1354 1.0967 1.1175
June 1.1111 1.0696 1.1014
July 1.0738 1.0357 1.0556
August 1.0401 1.0038 1.0243
September 1.0277 1.0047 1.0139
October 1.0302 1.0078 1.0199
November 1.0369 1.0189 1.0299
December 1.0408 1.0239 1.0338