2016 MKD to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
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.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
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)
SeasonalThe 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.
Volatility Range Comparison
VolatilityThe 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).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing 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%).
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 |