2016 MKD to AZN Historical Review

YEARLY HIGH

0.0308 AZN

YEARLY LOW

0.0268 AZN

YEARLY AVERAGE

0.0288 AZN

2016 MKD to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.0308. Conversely, the yearly low was recorded on May 29, dropping to 0.0268.

This high-to-low spread represents a total annual volatility of 0.0040 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0280 to the December average rate of 0.0304, the exchange rate registered a net change of 8.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0308 was up 10.79% compared to the 2015 peak of 0.0278, 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 154 AZN

2015 Average 92 AZN

Yearly Trough Low 134 AZN

Transaction Impact: A difference of 20.05 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0306

0.0272

JanuMarcMayJulySeptNove

MKD to AZN 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 0.0281, compared to 0.0295 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0281

H2 Avg (Jul–Dec) 0.0295

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 0.0025 AZN (High: 0.0301 / Low: 0.0275). On the other end, September was the most stable month, with a tight range of 0.0006 AZN (High: 0.0302 / Low: 0.0297).

March Spread (Volatile) ±0.0025

September Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between May and September, 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 March and April, when the average rate fell by 0.0013 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.0304) against the same month in 2015 (average: 0.0209), the exchange rate shifted by +0.0094 (+45.19%).

2016 Avg (December) 0.0304

2015 Avg (December) 0.0209

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0288	0.0274	0.0280
February	0.0292	0.0277	0.0285
March	0.0301	0.0275	0.0292
April	0.0283	0.0274	0.0279
May	0.0281	0.0268	0.0275
June	0.0285	0.0270	0.0278
July	0.0290	0.0279	0.0282
August	0.0302	0.0289	0.0296
September	0.0302	0.0297	0.0299
October	0.0298	0.0286	0.0290
November	0.0303	0.0296	0.0299
December	0.0308	0.0300	0.0304