2017 MKD to GNF Historical Review

YEARLY HIGH

175.8755 GNF

YEARLY LOW

157.2003 GNF

YEARLY AVERAGE

167.2379 GNF

2017 MKD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 175.8755. Conversely, the yearly low was recorded on April 18, dropping to 157.2003.

This high-to-low spread represents a total annual volatility of 18.6752 GNF. From a start-to-finish perspective, comparing the January average rate of 161.8337 to the December average rate of 173.4796, the exchange rate registered a net change of 7.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 175.8755 was up 5.41% compared to the 2016 peak of 166.8498, 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 879,377 GNF

2016 Average 751,377 GNF

Yearly Trough Low 786,002 GNF

Transaction Impact: A difference of 93,375.83 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

174.7585

160.0285

JanuMarcMayJulySeptNove

MKD to GNF 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 162.7749, compared to 171.7009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.9260 points.

H1 Avg (Jan–Jun) 162.7749

H2 Avg (Jul–Dec) 171.7009

Volatility Range Comparison

Volatility

The most volatile month in 2017 was April, with a trading range of 8.1603 GNF (High: 165.3606 / Low: 157.2003). On the other end, October was the most stable month, with a tight range of 3.0785 GNF (High: 173.2392 / Low: 170.1607).

April Spread (Volatile) ±8.1603

October Spread (Stable) ±3.0785

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 September and October, when the average rate fell by 2.1094 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -2.1094

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 173.4796) against the same month in 2016 (average: 158.9227), the exchange rate shifted by +14.5569 (+9.16%).

2017 Avg (December) 173.4796

2016 Avg (December) 158.9227

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	164.3188	158.7506	161.8337
February	163.9956	158.2697	161.9925
March	164.4315	157.8272	161.7355
April	165.3606	157.2003	161.2560
May	166.8440	160.9615	164.6538
June	168.0410	162.9091	165.1780
July	171.9939	166.6358	168.6258
August	174.6563	168.8854	171.1736
September	175.5779	170.8454	173.5310
October	173.2392	170.1607	171.4215
November	174.5049	169.6448	171.9740
December	175.8755	171.9168	173.4796