2016 ILS to MKD Historical Review

YEARLY HIGH

15.4417 MKD

YEARLY LOW

14.0142 MKD

YEARLY AVERAGE

14.4973 MKD

2016 ILS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the ILS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 15.4417. Conversely, the yearly low was recorded on February 11, dropping to 14.0142.

This high-to-low spread represents a total annual volatility of 1.4275 MKD. From a start-to-finish perspective, comparing the January average rate of 14.3550 to the December average rate of 15.2368, the exchange rate registered a net change of 6.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 15.4417 was up 2.85% compared to the 2015 peak of 15.0145, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 77,208 MKD

2015 Average 71,348 MKD

Yearly Trough Low 70,071 MKD

Transaction Impact: A difference of 7,137.67 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

15.3416

14.0850

JanuMarcMayJulySeptNove

ILS 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 14.3020, compared to 14.6927 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3907 points.

H1 Avg (Jan–Jun) 14.3020

H2 Avg (Jul–Dec) 14.6927

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.5902 MKD (High: 15.1268 / Low: 14.5367). On the other end, September was the most stable month, with a tight range of 0.1527 MKD (High: 14.6464 / Low: 14.4937).

November Spread (Volatile) ±0.5902

September Spread (Stable) ±0.1527

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1511 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.1511

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 15.2368) against the same month in 2015 (average: 14.5774), the exchange rate shifted by +0.6595 (+4.52%).

2016 Avg (December) 15.2368

2015 Avg (December) 14.5774

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.5590	14.2069	14.3550
February	14.4662	14.0142	14.2039
March	14.5810	14.1604	14.3153
April	14.6733	14.2179	14.4307
May	14.6374	14.1295	14.3174
June	14.3656	14.1048	14.1897
July	14.5775	14.2760	14.4166
August	14.5814	14.3936	14.4727
September	14.6464	14.4937	14.5926
October	14.6759	14.4664	14.5990
November	15.1268	14.5367	14.8384
December	15.4417	15.0322	15.2368