2016 HTG to MKD Historical Review

YEARLY HIGH

1.0034 MKD

YEARLY LOW

0.8377 MKD

YEARLY AVERAGE

0.8843 MKD

2016 HTG to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the HTG to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 1.0034. Conversely, the yearly low was recorded on September 26, dropping to 0.8377.

This high-to-low spread represents a total annual volatility of 0.1656 MKD. From a start-to-finish perspective, comparing the January average rate of 0.9771 to the December average rate of 0.8771, the exchange rate registered a net change of -10.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.0034 was down 20.08% compared to the 2015 peak of 1.2554, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,017 MKD

2015 Average 5,481 MKD

Yearly Trough Low 4,189 MKD

Transaction Impact: A difference of 828.14 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.9902

0.8329

JanuMarcMayJulySeptNove

HTG 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 0.9025, compared to 0.8660 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0365 points.

H1 Avg (Jan–Jun) 0.9025

H2 Avg (Jul–Dec) 0.8660

Volatility Range Comparison

Volatility

The most volatile month in 2016 was January, with a trading range of 0.0512 MKD (High: 1.0034 / Low: 0.9521). On the other end, April was the most stable month, with a tight range of 0.0126 MKD (High: 0.8820 / Low: 0.8694).

January Spread (Volatile) ±0.0512

April Spread (Stable) ±0.0126

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 0.0580 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0580

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.9771) against the same month in 2015 (average: 1.1299), the exchange rate shifted by -0.1528 (-13.52%).

2016 Avg (January) 0.9771

2015 Avg (January) 1.1299

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0034	0.9521	0.9771
February	0.9513	0.9082	0.9191
March	0.9210	0.8721	0.8942
April	0.8820	0.8694	0.8758
May	0.8872	0.8630	0.8760
June	0.8883	0.8592	0.8729
July	0.8831	0.8691	0.8784
August	0.8706	0.8451	0.8572
September	0.8553	0.8377	0.8460
October	0.8715	0.8396	0.8584
November	0.9005	0.8560	0.8787
December	0.8856	0.8654	0.8771