2016 ISK to MKD Historical Review

YEARLY HIGH

0.5227 MKD

YEARLY LOW

0.4308 MKD

YEARLY AVERAGE

0.4621 MKD

2016 ISK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the ISK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.5227. Conversely, the yearly low was recorded on February 11, dropping to 0.4308.

This high-to-low spread represents a total annual volatility of 0.0919 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4361 to the December average rate of 0.5185, the exchange rate registered a net change of 18.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.5227 was up 18.83% compared to the 2015 peak of 0.4399, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,613 MKD

2015 Average 2,103 MKD

Yearly Trough Low 2,154 MKD

Transaction Impact: A difference of 459.28 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.5270

0.4248

JanuMarcMayJulySeptNove

ISK 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 0.4385, compared to 0.4857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0472 points.

H1 Avg (Jan–Jun) 0.4385

H2 Avg (Jul–Dec) 0.4857

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0192 MKD (High: 0.5169 / Low: 0.4977). On the other end, January was the most stable month, with a tight range of 0.0035 MKD (High: 0.4381 / Low: 0.4346).

November Spread (Volatile) ±0.0192

January Spread (Stable) ±0.0035

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0028 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.5185) against the same month in 2015 (average: 0.4355), the exchange rate shifted by +0.0830 (+19.05%).

2016 Avg (December) 0.5185

2015 Avg (December) 0.4355

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4381	0.4346	0.4361
February	0.4375	0.4308	0.4333
March	0.4393	0.4352	0.4370
April	0.4473	0.4365	0.4392
May	0.4486	0.4396	0.4415
June	0.4502	0.4412	0.4441
July	0.4619	0.4504	0.4558
August	0.4731	0.4584	0.4654
September	0.4807	0.4745	0.4784
October	0.4971	0.4795	0.4885
November	0.5169	0.4977	0.5077
December	0.5227	0.5121	0.5185