2016 MKD to GEL Historical Review

YEARLY HIGH

0.0474 GEL

YEARLY LOW

0.0387 GEL

YEARLY AVERAGE

0.0425 GEL

2016 MKD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 0.0474. Conversely, the yearly low was recorded on May 31, dropping to 0.0387.

This high-to-low spread represents a total annual volatility of 0.0087 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0430 to the December average rate of 0.0454, the exchange rate registered a net change of 5.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0474 was up 5.05% compared to the 2015 peak of 0.0451, 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 237 GEL

2015 Average 199 GEL

Yearly Trough Low 193 GEL

Transaction Impact: A difference of 43.74 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0460

0.0394

JanuMarcMayJulySeptNove

MKD to GEL 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 0.0420, compared to 0.0429 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0420

H2 Avg (Jul–Dec) 0.0429

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0038 GEL (High: 0.0426 / Low: 0.0388). On the other end, July was the most stable month, with a tight range of 0.0008 GEL (High: 0.0427 / Low: 0.0419).

June Spread (Volatile) ±0.0038

July Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0018 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.0454) against the same month in 2015 (average: 0.0424), the exchange rate shifted by +0.0030 (+7.13%).

2016 Avg (December) 0.0454

2015 Avg (December) 0.0424

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0439	0.0422	0.0430
February	0.0456	0.0436	0.0448
March	0.0441	0.0418	0.0429
April	0.0424	0.0406	0.0415
May	0.0412	0.0387	0.0400
June	0.0426	0.0388	0.0400
July	0.0427	0.0419	0.0421
August	0.0428	0.0417	0.0422
September	0.0426	0.0416	0.0420
October	0.0427	0.0417	0.0422
November	0.0440	0.0426	0.0434
December	0.0474	0.0443	0.0454