2016 MKD to ARS Historical Review

YEARLY HIGH

0.2801 ARS

YEARLY LOW

0.2290 ARS

YEARLY AVERAGE

0.2652 ARS

2016 MKD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 1, valuing the pair at 0.2801. Conversely, the yearly low was recorded on January 2, dropping to 0.2290.

This high-to-low spread represents a total annual volatility of 0.0512 ARS. From a start-to-finish perspective, comparing the January average rate of 0.2393 to the December average rate of 0.2713, the exchange rate registered a net change of 13.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.2801 was up 19.35% compared to the 2015 peak of 0.2347, 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 1,401 ARS

2015 Average 835 ARS

Yearly Trough Low 1,145 ARS

Transaction Impact: A difference of 255.88 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.2783

0.2358

JanuMarcMayJulySeptNove

MKD to ARS 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 0.2595, compared to 0.2710 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0115 points.

H1 Avg (Jan–Jun) 0.2595

H2 Avg (Jul–Dec) 0.2710

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0304 ARS (High: 0.2792 / Low: 0.2488). On the other end, November was the most stable month, with a tight range of 0.0065 ARS (High: 0.2727 / Low: 0.2662).

February Spread (Volatile) ±0.0304

November Spread (Stable) ±0.0065

Growth Streaks & Declines

Trends

Between June and September, 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 April and May, when the average rate fell by 0.0057 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 0.2724) against the same month in 2015 (average: 0.1734), the exchange rate shifted by +0.0990 (+57.12%).

2016 Avg (October) 0.2724

2015 Avg (October) 0.1734

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2458	0.2290	0.2393
February	0.2792	0.2488	0.2667
March	0.2781	0.2629	0.2694
April	0.2717	0.2570	0.2645
May	0.2652	0.2511	0.2587
June	0.2732	0.2506	0.2582
July	0.2724	0.2628	0.2680
August	0.2745	0.2657	0.2701
September	0.2800	0.2710	0.2748
October	0.2801	0.2682	0.2724
November	0.2727	0.2662	0.2691
December	0.2792	0.2627	0.2713