YEARLY HIGH
0.0258 CAD
YEARLY LOW
0.0225 CAD
YEARLY AVERAGE
0.0238 CAD

2016 MKD to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0258. Conversely, the yearly low was recorded on December 11, dropping to 0.0225.

This high-to-low spread represents a total annual volatility of 0.0033 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0250 to the December average rate of 0.0229, the exchange rate registered a net change of -8.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0258 was up 3.80% compared to the 2015 peak of 0.0249, 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 129 CAD
2015 Average 115 CAD
Yearly Trough Low 113 CAD
Transaction Impact: A difference of 16.49 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0253
0.0227
JanuMarcMayJulySeptNove

MKD to CAD 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 0.0241, compared to 0.0235 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0241
H2 Avg (Jul–Dec) 0.0235

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0016 CAD (High: 0.0256 / Low: 0.0239). On the other end, August was the most stable month, with a tight range of 0.0004 CAD (High: 0.0239 / Low: 0.0235).

February Spread (Volatile) ±0.0016
August Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0010 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.0250) against the same month in 2015 (average: 0.0230), the exchange rate shifted by +0.0021 (+8.95%).

2016 Avg (January) 0.0250
2015 Avg (January) 0.0230

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0258 0.0244 0.0250
February 0.0256 0.0239 0.0249
March 0.0241 0.0237 0.0239
April 0.0243 0.0229 0.0236
May 0.0239 0.0229 0.0237
June 0.0238 0.0233 0.0235
July 0.0237 0.0233 0.0234
August 0.0239 0.0235 0.0237
September 0.0242 0.0234 0.0238
October 0.0242 0.0234 0.0238
November 0.0242 0.0231 0.0236
December 0.0232 0.0225 0.0229