2016 LTL to MKD Historical Review

YEARLY HIGH

18.4429 MKD

YEARLY LOW

17.6759 MKD

YEARLY AVERAGE

18.0301 MKD

2016 LTL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the LTL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 18.4429. Conversely, the yearly low was recorded on December 29, dropping to 17.6759.

This high-to-low spread represents a total annual volatility of 0.7670 MKD. From a start-to-finish perspective, comparing the January average rate of 18.2194 to the December average rate of 17.8185, the exchange rate registered a net change of -2.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 18.4429 was down 7.84% compared to the 2015 peak of 20.0128, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 92,214 MKD

2015 Average 91,717 MKD

Yearly Trough Low 88,380 MKD

Transaction Impact: A difference of 3,834.82 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

18.2595

17.7784

JanuMarcMayJulySeptNove

LTL 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 18.0621, compared to 17.9981 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0640 points.

H1 Avg (Jan–Jun) 18.0621

H2 Avg (Jul–Dec) 17.9981

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.5924 MKD (High: 18.3746 / Low: 17.7822). On the other end, July was the most stable month, with a tight range of 0.1480 MKD (High: 18.0869 / Low: 17.9388).

November Spread (Volatile) ±0.5924

July Spread (Stable) ±0.1480

Growth Streaks & Declines

Trends

Between August and October, 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 November and December, when the average rate fell by 0.1743 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1743

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 18.2194) against the same month in 2015 (average: 17.8846), the exchange rate shifted by +0.3348 (+1.87%).

2016 Avg (January) 18.2194

2015 Avg (January) 17.8846

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.4429	18.1331	18.2194
February	18.2576	17.8547	18.0777
March	18.2094	17.8367	18.0530
April	18.2004	17.8946	17.9982
May	18.1791	17.8538	18.0273
June	18.1895	17.7770	17.9968
July	18.0869	17.9388	18.0186
August	18.1177	17.8488	17.9888
September	18.1104	17.8754	18.0605
October	18.2493	18.0327	18.1092
November	18.3746	17.7822	17.9928
December	17.9219	17.6759	17.8185