2017 HNL to MKD Historical Review

YEARLY HIGH

2.5502 MKD

YEARLY LOW

2.1700 MKD

YEARLY AVERAGE

2.3282 MKD

2017 HNL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the HNL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 2.5502. Conversely, the yearly low was recorded on December 30, dropping to 2.1700.

This high-to-low spread represents a total annual volatility of 0.3802 MKD. From a start-to-finish perspective, comparing the January average rate of 2.4793 to the December average rate of 2.1994, the exchange rate registered a net change of -11.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.5502 was down 0.31% compared to the 2016 peak of 2.5581, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,751 MKD

2016 Average 12,224 MKD

Yearly Trough Low 10,850 MKD

Transaction Impact: A difference of 1,900.78 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.5073

2.1714

JanuMarcMayJulySeptNove

HNL 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 2.4273, compared to 2.2290 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1983 points.

H1 Avg (Jan–Jun) 2.4273

H2 Avg (Jul–Dec) 2.2290

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.1255 MKD (High: 2.5502 / Low: 2.4246). On the other end, June was the most stable month, with a tight range of 0.0414 MKD (High: 2.3565 / Low: 2.3151).

January Spread (Volatile) ±0.1255

June Spread (Stable) ±0.0414

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0793 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0793

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 2.4793) against the same month in 2016 (average: 2.5264), the exchange rate shifted by -0.0471 (-1.87%).

2017 Avg (January) 2.4793

2016 Avg (January) 2.5264

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5502	2.4246	2.4793
February	2.4798	2.4213	2.4583
March	2.4943	2.4191	2.4555
April	2.4820	2.4012	2.4531
May	2.4141	2.3349	2.3738
June	2.3565	2.3151	2.3438
July	2.3176	2.2420	2.2830
August	2.2599	2.1962	2.2357
September	2.2425	2.1822	2.2054
October	2.2507	2.2071	2.2298
November	2.2556	2.1799	2.2208
December	2.2187	2.1700	2.1994