2016 MKD to CLP Historical Review

YEARLY HIGH

13.0946 CLP

YEARLY LOW

11.2109 CLP

YEARLY AVERAGE

12.1635 CLP

2016 MKD to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 11, valuing the pair at 13.0946. Conversely, the yearly low was recorded on December 11, dropping to 11.2109.

This high-to-low spread represents a total annual volatility of 1.8837 CLP. From a start-to-finish perspective, comparing the January average rate of 12.7248 to the December average rate of 11.4263, the exchange rate registered a net change of -10.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 13.0946 was down 0.63% compared to the 2015 peak of 13.1775, 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 65,473 CLP

2015 Average 59,024 CLP

Yearly Trough Low 56,054 CLP

Transaction Impact: A difference of 9,418.53 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

12.8547

11.2965

JanuMarcMayJulySeptNove

MKD to CLP 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 12.4852, compared to 11.8418 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6434 points.

H1 Avg (Jan–Jun) 12.4852

H2 Avg (Jul–Dec) 11.8418

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.8025 CLP (High: 13.0946 / Low: 12.2920). On the other end, November was the most stable month, with a tight range of 0.2250 CLP (High: 11.8544 / Low: 11.6294).

February Spread (Volatile) ±0.8025

November Spread (Stable) ±0.2250

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.5993 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5993

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 12.6735) against the same month in 2015 (average: 11.4820), the exchange rate shifted by +1.1915 (+10.38%).

2016 Avg (February) 12.6735

2015 Avg (February) 11.4820

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.9797	12.4980	12.7248
February	13.0946	12.2920	12.6735
March	12.4255	12.1309	12.2870
April	12.6449	12.0463	12.3061
May	12.6615	12.0563	12.4917
June	12.6121	11.9963	12.4282
July	11.9714	11.6246	11.8289
August	12.3328	11.7102	12.0097
September	12.3414	12.0185	12.1758
October	12.1689	11.5496	11.9016
November	11.8544	11.6294	11.7084
December	11.6687	11.2109	11.4263