2017 ILS to MKD Historical Review

YEARLY HIGH

15.9761 MKD

YEARLY LOW

14.3766 MKD

YEARLY AVERAGE

15.1832 MKD

2017 ILS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the ILS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 28, valuing the pair at 15.9761. Conversely, the yearly low was recorded on August 29, dropping to 14.3766.

This high-to-low spread represents a total annual volatility of 1.5995 MKD. From a start-to-finish perspective, comparing the January average rate of 15.1667 to the December average rate of 14.8523, the exchange rate registered a net change of -2.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 15.9761 was up 3.46% compared to the 2016 peak of 15.4417, 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 79,881 MKD

2016 Average 72,494 MKD

Yearly Trough Low 71,883 MKD

Transaction Impact: A difference of 7,997.54 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

15.9169

14.3663

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 15.5538, compared to 14.8125 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7413 points.

H1 Avg (Jan–Jun) 15.5538

H2 Avg (Jul–Dec) 14.8125

Volatility Range Comparison

Volatility

The most volatile month in 2017 was February, with a trading range of 0.8191 MKD (High: 15.9761 / Low: 15.1570). On the other end, December was the most stable month, with a tight range of 0.1906 MKD (High: 14.9230 / Low: 14.7324).

February Spread (Volatile) ±0.8191

December Spread (Stable) ±0.1906

Growth Streaks & Declines

Trends

Between January and March, 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 July and August, when the average rate fell by 0.5631 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5631

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2017: 15.5473) against the same month in 2016 (average: 14.2039), the exchange rate shifted by +1.3434 (+9.46%).

2017 Avg (February) 15.5473

2016 Avg (February) 14.2039

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.2972	15.0809	15.1667
February	15.9761	15.1570	15.5473
March	15.9517	15.6200	15.7877
April	15.9414	15.4687	15.7622
May	15.7137	15.2817	15.5065
June	15.7061	15.3885	15.5524
July	15.4716	14.6659	15.0586
August	14.6585	14.3766	14.4955
September	14.8075	14.4790	14.6386
October	15.0233	14.7958	14.9230
November	15.1396	14.6993	14.9070
December	14.9230	14.7324	14.8523