YEARLY HIGH
0.0403 FJD
YEARLY LOW
0.0350 FJD
YEARLY AVERAGE
0.0378 FJD

2017 MKD to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 0.0403. Conversely, the yearly low was recorded on February 25, dropping to 0.0350.

This high-to-low spread represents a total annual volatility of 0.0053 FJD. From a start-to-finish perspective, comparing the January average rate of 0.0360 to the December average rate of 0.0397, the exchange rate registered a net change of 10.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0403 was up 2.60% compared to the 2016 peak of 0.0393, 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 202 FJD
2016 Average 187 FJD
Yearly Trough Low 175 FJD
Transaction Impact: A difference of 26.44 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0401
0.0351
JanuMarcMayJulySeptNove

MKD to FJD 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 0.0365, compared to 0.0390 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.0365
H2 Avg (Jul–Dec) 0.0390

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.0015 FJD (High: 0.0403 / Low: 0.0388). On the other end, September was the most stable month, with a tight range of 0.0007 FJD (High: 0.0393 / Low: 0.0387).

November Spread (Volatile) ±0.0015
September Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0004 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2017: 0.0395) against the same month in 2016 (average: 0.0364), the exchange rate shifted by +0.0031 (+8.64%).

2017 Avg (November) 0.0395
2016 Avg (November) 0.0364

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0365 0.0357 0.0360
February 0.0362 0.0350 0.0356
March 0.0365 0.0354 0.0360
April 0.0372 0.0357 0.0362
May 0.0382 0.0370 0.0376
June 0.0382 0.0370 0.0376
July 0.0384 0.0377 0.0380
August 0.0394 0.0382 0.0387
September 0.0393 0.0387 0.0390
October 0.0397 0.0387 0.0391
November 0.0403 0.0388 0.0395
December 0.0401 0.0392 0.0397