2016 MKD to CVE Historical Review

YEARLY HIGH

1.8172 CVE

YEARLY LOW

1.7424 CVE

YEARLY AVERAGE

1.7908 CVE

2016 MKD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 1.8172. Conversely, the yearly low was recorded on December 28, dropping to 1.7424.

This high-to-low spread represents a total annual volatility of 0.0748 CVE. From a start-to-finish perspective, comparing the January average rate of 1.7908 to the December average rate of 1.7921, the exchange rate registered a net change of 0.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.8172 was down 1.80% compared to the 2015 peak of 1.8505, 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 9,086 CVE

2015 Average 8,957 CVE

Yearly Trough Low 8,712 CVE

Transaction Impact: A difference of 374.09 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.7943

1.7821

JanuMarcMayJulySeptNove

MKD to CVE 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 1.7899, compared to 1.7916 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 1.7899

H2 Avg (Jul–Dec) 1.7916

Volatility Range Comparison

Volatility

The most volatile month in 2016 was December, with a trading range of 0.0722 CVE (High: 1.8146 / Low: 1.7424). On the other end, July was the most stable month, with a tight range of 0.0116 CVE (High: 1.7965 / Low: 1.7849).

December Spread (Volatile) ±0.0722

July Spread (Stable) ±0.0116

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.0058 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 1.7933) against the same month in 2015 (average: 1.7860), the exchange rate shifted by +0.0073 (+0.41%).

2016 Avg (March) 1.7933

2015 Avg (March) 1.7860

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7961	1.7838	1.7908
February	1.8030	1.7840	1.7921
March	1.8172	1.7847	1.7933
April	1.7986	1.7593	1.7875
May	1.7941	1.7612	1.7831
June	1.8060	1.7824	1.7928
July	1.7965	1.7849	1.7917
August	1.7977	1.7830	1.7906
September	1.7959	1.7817	1.7906
October	1.8000	1.7866	1.7925
November	1.7974	1.7835	1.7922
December	1.8146	1.7424	1.7921