YEARLY HIGH
248.9354 IDR
YEARLY LOW
226.1716 IDR
YEARLY AVERAGE
239.1563 IDR

2016 MKD to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 9, valuing the pair at 248.9354. Conversely, the yearly low was recorded on December 19, dropping to 226.1716.

This high-to-low spread represents a total annual volatility of 22.7638 IDR. From a start-to-finish perspective, comparing the January average rate of 244.7485 to the December average rate of 229.7425, the exchange rate registered a net change of -6.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 248.9354 was down 7.54% compared to the 2015 peak of 269.2291, 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 1,244,677 IDR
2015 Average 1,208,423 IDR
Yearly Trough Low 1,130,858 IDR
Transaction Impact: A difference of 113,819.00 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

247.5868
228.1203
JanuMarcMayJulySeptNove

MKD to IDR 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 243.0658, compared to 235.2467 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.8191 points.

H1 Avg (Jan–Jun) 243.0658
H2 Avg (Jul–Dec) 235.2467

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 12.3719 IDR (High: 248.9354 / Low: 236.5636). On the other end, July was the most stable month, with a tight range of 3.8715 IDR (High: 237.8575 / Low: 233.9861).

February Spread (Volatile) ±12.3719
July Spread (Stable) ±3.8715

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 7.8996 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -7.8996

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 243.7682) against the same month in 2015 (average: 235.5769), the exchange rate shifted by +8.1913 (+3.48%).

2016 Avg (February) 243.7682
2015 Avg (February) 235.5769

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 247.4098 242.0245 244.7485
February 248.9354 236.5636 243.7682
March 244.0111 233.7289 238.0182
April 244.4456 240.3921 241.9856
May 248.2862 240.1961 245.9646
June 248.8460 237.8604 243.9098
July 237.8575 233.9861 236.0102
August 243.1790 235.8304 239.5032
September 241.0808 236.2583 238.8898
October 238.1945 230.3524 233.6752
November 236.4781 230.9126 233.6594
December 234.7327 226.1716 229.7425