2017 MKD to HNL Historical Review

YEARLY HIGH

0.4608 HNL

YEARLY LOW

0.3921 HNL

YEARLY AVERAGE

0.4305 HNL

2017 MKD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.4608. Conversely, the yearly low was recorded on January 3, dropping to 0.3921.

This high-to-low spread represents a total annual volatility of 0.0687 HNL. From a start-to-finish perspective, comparing the January average rate of 0.4035 to the December average rate of 0.4547, the exchange rate registered a net change of 12.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.4608 was up 9.37% compared to the 2016 peak of 0.4213, 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 2,304 HNL

2016 Average 2,046 HNL

Yearly Trough Low 1,961 HNL

Transaction Impact: A difference of 343.47 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.4598

0.3983

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 0.4122, compared to 0.4487 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0365 points.

H1 Avg (Jan–Jun) 0.4122

H2 Avg (Jul–Dec) 0.4487

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.0203 HNL (High: 0.4124 / Low: 0.3921). On the other end, June was the most stable month, with a tight range of 0.0076 HNL (High: 0.4319 / Low: 0.4244).

January Spread (Volatile) ±0.0203

June Spread (Stable) ±0.0076

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0050 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 0.4547) against the same month in 2016 (average: 0.3995), the exchange rate shifted by +0.0552 (+13.81%).

2017 Avg (December) 0.4547

2016 Avg (December) 0.3995

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4124	0.3921	0.4035
February	0.4130	0.4033	0.4068
March	0.4134	0.4009	0.4073
April	0.4165	0.4029	0.4077
May	0.4283	0.4142	0.4213
June	0.4319	0.4244	0.4267
July	0.4460	0.4315	0.4381
August	0.4553	0.4425	0.4473
September	0.4582	0.4459	0.4535
October	0.4531	0.4443	0.4485
November	0.4587	0.4433	0.4503
December	0.4608	0.4507	0.4547