2016 MKD to HTG Historical Review

YEARLY HIGH

1.1937 HTG

YEARLY LOW

0.9967 HTG

YEARLY AVERAGE

1.1325 HTG

2016 MKD to HTG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to HTG exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 1.1937. Conversely, the yearly low was recorded on January 6, dropping to 0.9967.

This high-to-low spread represents a total annual volatility of 0.1970 HTG. From a start-to-finish perspective, comparing the January average rate of 1.0237 to the December average rate of 1.1402, the exchange rate registered a net change of 11.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.1937 was up 17.72% compared to the 2015 peak of 1.0140, 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 5,969 HTG

2015 Average 4,583 HTG

Yearly Trough Low 4,983 HTG

Transaction Impact: A difference of 985.24 HTG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.1979

1.0078

JanuMarcMayJulySeptNove

MKD to HTG 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 1.1099, compared to 1.1551 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0452 points.

H1 Avg (Jan–Jun) 1.1099

H2 Avg (Jul–Dec) 1.1551

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 0.0610 HTG (High: 1.1467 / Low: 1.0858). On the other end, April was the most stable month, with a tight range of 0.0164 HTG (High: 1.1502 / Low: 1.1338).

March Spread (Volatile) ±0.0610

April Spread (Stable) ±0.0164

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 0.0269 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0269

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2016: 1.1821) against the same month in 2015 (average: 0.9663), the exchange rate shifted by +0.2158 (+22.33%).

2016 Avg (September) 1.1821

2015 Avg (September) 0.9663

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0503	0.9967	1.0237
February	1.1011	1.0512	1.0881
March	1.1467	1.0858	1.1185
April	1.1502	1.1338	1.1419
May	1.1588	1.1271	1.1416
June	1.1639	1.1258	1.1457
July	1.1506	1.1324	1.1385
August	1.1833	1.1486	1.1666
September	1.1937	1.1692	1.1821
October	1.1911	1.1475	1.1651
November	1.1682	1.1105	1.1382
December	1.1555	1.1292	1.1402