2017 MKD to CDF Historical Review

YEARLY HIGH

31.6468 CDF

YEARLY LOW

19.6848 CDF

YEARLY AVERAGE

26.8263 CDF

2017 MKD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 3, valuing the pair at 31.6468. Conversely, the yearly low was recorded on January 3, dropping to 19.6848.

This high-to-low spread represents a total annual volatility of 11.9620 CDF. From a start-to-finish perspective, comparing the January average rate of 20.9804 to the December average rate of 30.3528, the exchange rate registered a net change of 44.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 31.6468 was up 56.05% compared to the 2016 peak of 20.2800, 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 158,234 CDF

2016 Average 86,931 CDF

Yearly Trough Low 98,424 CDF

Transaction Impact: A difference of 59,809.95 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

31.4681

20.0270

JanuMarcMayJulySeptNove

MKD to CDF 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 23.6438, compared to 30.0088 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.3650 points.

H1 Avg (Jan–Jun) 23.6438

H2 Avg (Jul–Dec) 30.0088

Volatility Range Comparison

Volatility

The most volatile month in 2017 was July, with a trading range of 3.4908 CDF (High: 31.0322 / Low: 27.5415). On the other end, September was the most stable month, with a tight range of 0.6596 CDF (High: 30.4432 / Low: 29.7835).

July Spread (Volatile) ±3.4908

September Spread (Stable) ±0.6596

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.3294 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.3294

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 30.5147) against the same month in 2016 (average: 17.7798), the exchange rate shifted by +12.7349 (+71.63%).

2017 Avg (August) 30.5147

2016 Avg (August) 17.7798

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.9810	19.6848	20.9804
February	22.5045	21.5409	21.9893
March	23.7435	22.3728	23.0590
April	24.8678	23.3681	23.9512
May	26.0813	24.8348	25.4052
June	27.5415	26.0313	26.4776
July	31.0322	27.5415	29.1157
August	31.6468	29.6329	30.5147
September	30.4432	29.7835	30.1853
October	30.2604	29.5288	29.9162
November	30.5214	29.4211	29.9680
December	31.1177	29.9626	30.3528