2016 MKD to HNL Historical Review

YEARLY HIGH

0.4213 HNL

YEARLY LOW

0.3909 HNL

YEARLY AVERAGE

0.4092 HNL

2016 MKD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 0.4213. Conversely, the yearly low was recorded on January 5, dropping to 0.3909.

This high-to-low spread represents a total annual volatility of 0.0304 HNL. From a start-to-finish perspective, comparing the January average rate of 0.3958 to the December average rate of 0.3995, the exchange rate registered a net change of 0.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.4213 was up 1.02% compared to the 2015 peak of 0.4171, 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 2,107 HNL

2015 Average 1,958 HNL

Yearly Trough Low 1,955 HNL

Transaction Impact: A difference of 152.04 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.4181

0.3938

JanuMarcMayJulySeptNove

MKD to HNL 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 0.4091, compared to 0.4093 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.4091

H2 Avg (Jul–Dec) 0.4093

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0176 HNL (High: 0.4151 / Low: 0.3975). On the other end, September was the most stable month, with a tight range of 0.0041 HNL (High: 0.4181 / Low: 0.4140).

November Spread (Volatile) ±0.0176

September Spread (Stable) ±0.0041

Growth Streaks & Declines

Trends

Between January and April, 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 October and November, when the average rate fell by 0.0059 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0059

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 0.4161) against the same month in 2015 (average: 0.3965), the exchange rate shifted by +0.0196 (+4.95%).

2016 Avg (August) 0.4161

2015 Avg (August) 0.3965

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3990	0.3909	0.3958
February	0.4145	0.3975	0.4070
March	0.4167	0.3994	0.4087
April	0.4181	0.4112	0.4147
May	0.4206	0.4081	0.4138
June	0.4207	0.4069	0.4145
July	0.4129	0.4071	0.4099
August	0.4213	0.4112	0.4161
September	0.4181	0.4140	0.4159
October	0.4187	0.4035	0.4102
November	0.4151	0.3975	0.4042
December	0.4057	0.3956	0.3995