2016 MKD to AFN Historical Review

YEARLY HIGH

1.2796 AFN

YEARLY LOW

1.1190 AFN

YEARLY AVERAGE

1.2188 AFN

2016 MKD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 8, valuing the pair at 1.2796. Conversely, the yearly low was recorded on December 20, dropping to 1.1190.

This high-to-low spread represents a total annual volatility of 0.1606 AFN. From a start-to-finish perspective, comparing the January average rate of 1.2103 to the December average rate of 1.1381, the exchange rate registered a net change of -5.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.2796 was up 4.34% compared to the 2015 peak of 1.2264, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,398 AFN

2015 Average 5,526 AFN

Yearly Trough Low 5,595 AFN

Transaction Impact: A difference of 803.01 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.2746

1.1257

JanuMarcMayJulySeptNove

MKD to AFN 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 1.2445, compared to 1.1931 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0514 points.

H1 Avg (Jan–Jun) 1.2445

H2 Avg (Jul–Dec) 1.1931

Volatility Range Comparison

Volatility

The most volatile month in 2016 was August, with a trading range of 0.0714 AFN (High: 1.2511 / Low: 1.1797). On the other end, January was the most stable month, with a tight range of 0.0180 AFN (High: 1.2180 / Low: 1.2000).

August Spread (Volatile) ±0.0714

January Spread (Stable) ±0.0180

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0319 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0319

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 1.2622) against the same month in 2015 (average: 1.0817), the exchange rate shifted by +0.1805 (+16.69%).

2016 Avg (June) 1.2622

2015 Avg (June) 1.0817

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2180	1.2000	1.2103
February	1.2648	1.2141	1.2418
March	1.2664	1.2119	1.2380
April	1.2695	1.2464	1.2576
May	1.2751	1.2430	1.2574
June	1.2796	1.2325	1.2622
July	1.2478	1.2276	1.2360
August	1.2511	1.1797	1.2249
September	1.2305	1.1984	1.2137
October	1.2036	1.1673	1.1819
November	1.1910	1.1453	1.1640
December	1.1646	1.1190	1.1381