2016 JOD to MKD Historical Review

YEARLY HIGH

83.6933 MKD

YEARLY LOW

75.6164 MKD

YEARLY AVERAGE

78.5448 MKD

2016 JOD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the JOD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 83.6933. Conversely, the yearly low was recorded on May 4, dropping to 75.6164.

This high-to-low spread represents a total annual volatility of 8.0770 MKD. From a start-to-finish perspective, comparing the January average rate of 79.9093 to the December average rate of 82.4309, the exchange rate registered a net change of 3.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 83.6933 was up 0.96% compared to the 2015 peak of 82.9010, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 418,467 MKD

2015 Average 391,087 MKD

Yearly Trough Low 378,082 MKD

Transaction Impact: A difference of 40,384.77 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

82.9926

76.2525

JanuMarcMayJulySeptNove

JOD 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 77.9044, compared to 79.1853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2809 points.

H1 Avg (Jan–Jun) 77.9044

H2 Avg (Jul–Dec) 79.1853

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 4.1174 MKD (High: 82.1810 / Low: 78.0637). On the other end, September was the most stable month, with a tight range of 0.6636 MKD (High: 77.8642 / Low: 77.2007).

November Spread (Volatile) ±4.1174

September Spread (Stable) ±0.6636

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.6341 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.6341

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 82.4309) against the same month in 2015 (average: 79.5992), the exchange rate shifted by +2.8317 (+3.56%).

2016 Avg (December) 82.4309

2015 Avg (December) 79.5992

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	80.6466	79.4259	79.9093
February	79.8303	76.8741	78.2752
March	79.9792	76.4422	78.0780
April	77.4526	76.2112	76.8141
May	78.2699	75.6164	77.0411
June	78.7537	76.3409	77.3086
July	79.0864	77.8091	78.4525
August	78.5813	76.6125	77.5451
September	77.8642	77.2007	77.5301
October	79.8335	77.2274	78.6862
November	82.1810	78.0637	80.4669
December	83.6933	80.7435	82.4309