YEARLY HIGH
58.8411 COP
YEARLY LOW
49.0778 COP
YEARLY AVERAGE
54.1275 COP

2017 MKD to COP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 58.8411. Conversely, the yearly low was recorded on April 23, dropping to 49.0778.

This high-to-low spread represents a total annual volatility of 9.7633 COP. From a start-to-finish perspective, comparing the January average rate of 50.7719 to the December average rate of 57.4967, the exchange rate registered a net change of 13.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 58.8411 was down 5.89% compared to the 2016 peak of 62.5258, 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 294,206 COP
2016 Average 274,212 COP
Yearly Trough Low 245,389 COP
Transaction Impact: A difference of 48,816.45 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

58.2751
48.9342
JanuMarcMayJulySeptNove

MKD to COP 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 51.3361, compared to 56.9190 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.5828 points.

H1 Avg (Jan–Jun) 51.3361
H2 Avg (Jul–Dec) 56.9190

Volatility Range Comparison

Volatility

The most volatile month in 2017 was June, with a trading range of 3.9425 COP (High: 56.4179 / Low: 52.4754). On the other end, July was the most stable month, with a tight range of 1.1855 COP (High: 57.3217 / Low: 56.1361).

June Spread (Volatile) ±3.9425
July Spread (Stable) ±1.1855

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 1.0593 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -1.0593

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 57.4967) against the same month in 2016 (average: 51.5833), the exchange rate shifted by +5.9134 (+11.46%).

2017 Avg (December) 57.4967
2016 Avg (December) 51.5833

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 51.9563 50.0808 50.7719
February 51.1767 49.2011 49.7126
March 51.7310 49.7159 50.9670
April 52.2375 49.0778 50.0569
May 53.2582 51.6537 52.5593
June 56.4179 52.4754 53.9492
July 57.3217 56.1361 56.7877
August 57.5361 56.3117 56.9151
September 57.5049 55.8154 56.4397
October 57.5717 55.2589 56.4316
November 58.4464 56.8325 57.4429
December 58.8411 56.9363 57.4967