2016 MDL to MKD Historical Review

YEARLY HIGH

2.9686 MKD

YEARLY LOW

2.7239 MKD

YEARLY AVERAGE

2.7984 MKD

2016 MDL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MDL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2.9686. Conversely, the yearly low was recorded on May 4, dropping to 2.7239.

This high-to-low spread represents a total annual volatility of 0.2447 MKD. From a start-to-finish perspective, comparing the January average rate of 2.7885 to the December average rate of 2.9020, the exchange rate registered a net change of 4.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.9686 was down 10.87% compared to the 2015 peak of 3.3308, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,843 MKD

2015 Average 14,807 MKD

Yearly Trough Low 13,620 MKD

Transaction Impact: A difference of 1,223.51 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.9165

2.7424

JanuMarcMayJulySeptNove

MDL 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 2.7748, compared to 2.8220 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) 2.7748

H2 Avg (Jul–Dec) 2.8220

Volatility Range Comparison

Volatility

The most volatile month in 2016 was January, with a trading range of 0.1332 MKD (High: 2.8770 / Low: 2.7438). On the other end, September was the most stable month, with a tight range of 0.0198 MKD (High: 2.7920 / Low: 2.7722).

January Spread (Volatile) ±0.1332

September Spread (Stable) ±0.0198

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.0278 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0278

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 2.9020) against the same month in 2015 (average: 2.8628), the exchange rate shifted by +0.0392 (+1.37%).

2016 Avg (December) 2.9020

2015 Avg (December) 2.8628

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8770	2.7438	2.7885
February	2.8230	2.7254	2.7631
March	2.8388	2.7642	2.7990
April	2.7887	2.7501	2.7712
May	2.7779	2.7239	2.7569
June	2.8242	2.7386	2.7700
July	2.8380	2.7907	2.8110
August	2.8162	2.7552	2.7865
September	2.7920	2.7722	2.7833
October	2.8367	2.7779	2.8068
November	2.8793	2.7767	2.8424
December	2.9686	2.8371	2.9020