2017 MKD to ARS Historical Review

YEARLY HIGH

0.3737 ARS

YEARLY LOW

0.2613 ARS

YEARLY AVERAGE

0.3043 ARS

2017 MKD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.3737. Conversely, the yearly low was recorded on April 13, dropping to 0.2613.

This high-to-low spread represents a total annual volatility of 0.1124 ARS. From a start-to-finish perspective, comparing the January average rate of 0.2745 to the December average rate of 0.3411, the exchange rate registered a net change of 24.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.3737 was up 33.39% compared to the 2016 peak of 0.2801, 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 1,868 ARS

2016 Average 1,326 ARS

Yearly Trough Low 1,306 ARS

Transaction Impact: A difference of 562.08 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.3485

0.2593

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 0.2758, compared to 0.3327 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0569 points.

H1 Avg (Jan–Jun) 0.2758

H2 Avg (Jul–Dec) 0.3327

Volatility Range Comparison

Volatility

The most volatile month in 2017 was December, with a trading range of 0.0443 ARS (High: 0.3737 / Low: 0.3294). On the other end, October was the most stable month, with a tight range of 0.0051 ARS (High: 0.3357 / Low: 0.3306).

December Spread (Volatile) ±0.0443

October Spread (Stable) ±0.0051

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0055 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 0.3411) against the same month in 2016 (average: 0.2713), the exchange rate shifted by +0.0698 (+25.71%).

2017 Avg (December) 0.3411

2016 Avg (December) 0.2713

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2790	0.2697	0.2745
February	0.2761	0.2645	0.2690
March	0.2743	0.2622	0.2691
April	0.2743	0.2613	0.2668
May	0.2949	0.2702	0.2822
June	0.3081	0.2888	0.2932
July	0.3398	0.3051	0.3214
August	0.3408	0.3250	0.3338
September	0.3374	0.3288	0.3335
October	0.3357	0.3306	0.3331
November	0.3363	0.3297	0.3335
December	0.3737	0.3294	0.3411