2017 MKD to AFN Historical Review

YEARLY HIGH

1.3578 AFN

YEARLY LOW

1.1309 AFN

YEARLY AVERAGE

1.2466 AFN

2017 MKD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1.3578. Conversely, the yearly low was recorded on January 3, dropping to 1.1309.

This high-to-low spread represents a total annual volatility of 0.2269 AFN. From a start-to-finish perspective, comparing the January average rate of 1.1532 to the December average rate of 1.3318, the exchange rate registered a net change of 15.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.3578 was up 6.11% compared to the 2016 peak of 1.2796, 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 6,789 AFN

2016 Average 6,093 AFN

Yearly Trough Low 5,654 AFN

Transaction Impact: A difference of 1,134.71 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.3496

1.1353

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 1.1830, compared to 1.3101 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1271 points.

H1 Avg (Jan–Jun) 1.1830

H2 Avg (Jul–Dec) 1.3101

Volatility Range Comparison

Volatility

The most volatile month in 2017 was May, with a trading range of 0.0469 AFN (High: 1.2450 / Low: 1.1981). On the other end, October was the most stable month, with a tight range of 0.0231 AFN (High: 1.3120 / Low: 1.2888).

May Spread (Volatile) ±0.0469

October Spread (Stable) ±0.0231

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0231 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0231

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 1.3318) against the same month in 2016 (average: 1.1381), the exchange rate shifted by +0.1936 (+17.01%).

2017 Avg (December) 1.3318

2016 Avg (December) 1.1381

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1720	1.1309	1.1532
February	1.1695	1.1436	1.1543
March	1.1730	1.1405	1.1563
April	1.1999	1.1536	1.1728
May	1.2450	1.1981	1.2214
June	1.2578	1.2317	1.2402
July	1.3007	1.2546	1.2776
August	1.3328	1.3003	1.3116
September	1.3411	1.3080	1.3267
October	1.3120	1.2888	1.3036
November	1.3309	1.2904	1.3094
December	1.3578	1.3134	1.3318