2017 MKD to GEL Historical Review

YEARLY HIGH

0.0524 GEL

YEARLY LOW

0.0410 GEL

YEARLY AVERAGE

0.0458 GEL

2017 MKD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 0.0524. Conversely, the yearly low was recorded on April 14, dropping to 0.0410.

This high-to-low spread represents a total annual volatility of 0.0114 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0466 to the December average rate of 0.0505, the exchange rate registered a net change of 8.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0524 was up 10.47% compared to the 2016 peak of 0.0474, 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 262 GEL

2016 Average 212 GEL

Yearly Trough Low 205 GEL

Transaction Impact: A difference of 56.85 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0513

0.0411

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 0.0441, compared to 0.0476 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0036 points.

H1 Avg (Jan–Jun) 0.0441

H2 Avg (Jul–Dec) 0.0476

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.0051 GEL (High: 0.0524 / Low: 0.0473). On the other end, June was the most stable month, with a tight range of 0.0011 GEL (High: 0.0446 / Low: 0.0435).

November Spread (Volatile) ±0.0051

June Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0028 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2017: 0.0492) against the same month in 2016 (average: 0.0434), the exchange rate shifted by +0.0059 (+13.56%).

2017 Avg (November) 0.0492

2016 Avg (November) 0.0434

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0474	0.0448	0.0466
February	0.0472	0.0439	0.0455
March	0.0435	0.0420	0.0428
April	0.0438	0.0410	0.0420
May	0.0441	0.0429	0.0436
June	0.0446	0.0435	0.0439
July	0.0458	0.0441	0.0449
August	0.0471	0.0455	0.0459
September	0.0482	0.0469	0.0477
October	0.0482	0.0471	0.0475
November	0.0524	0.0473	0.0492
December	0.0524	0.0487	0.0505