2016 MKD to ALL Historical Review

YEARLY HIGH

2.2865 ALL

YEARLY LOW

2.1799 ALL

YEARLY AVERAGE

2.2306 ALL

2016 MKD to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 2.2865. Conversely, the yearly low was recorded on December 24, dropping to 2.1799.

This high-to-low spread represents a total annual volatility of 0.1066 ALL. From a start-to-finish perspective, comparing the January average rate of 2.2428 to the December average rate of 2.1967, the exchange rate registered a net change of -2.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.2865 was down 2.10% compared to the 2015 peak of 2.3355, 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 11,432 ALL

2015 Average 11,358 ALL

Yearly Trough Low 10,899 ALL

Transaction Impact: A difference of 532.95 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.2536

2.1915

JanuMarcMayJulySeptNove

MKD to ALL 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 2.2446, compared to 2.2166 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0280 points.

H1 Avg (Jan–Jun) 2.2446

H2 Avg (Jul–Dec) 2.2166

Volatility Range Comparison

Volatility

The most volatile month in 2016 was April, with a trading range of 0.0585 ALL (High: 2.2683 / Low: 2.2098). On the other end, September was the most stable month, with a tight range of 0.0153 ALL (High: 2.2354 / Low: 2.2200).

April Spread (Volatile) ±0.0585

September Spread (Stable) ±0.0153

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 June and July, when the average rate fell by 0.0231 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0231

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 2.2484) against the same month in 2015 (average: 2.2783), the exchange rate shifted by -0.0299 (-1.31%).

2016 Avg (February) 2.2484

2015 Avg (February) 2.2783

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2627	2.2272	2.2428
February	2.2865	2.2371	2.2484
March	2.2672	2.2349	2.2451
April	2.2683	2.2098	2.2469
May	2.2598	2.2105	2.2413
June	2.2694	2.2297	2.2428
July	2.2386	2.2008	2.2198
August	2.2364	2.2033	2.2197
September	2.2354	2.2200	2.2284
October	2.2384	2.2102	2.2237
November	2.2235	2.2018	2.2112
December	2.2117	2.1799	2.1967