2017 MKD to ILS Historical Review

YEARLY HIGH

0.0696 ILS

YEARLY LOW

0.0626 ILS

YEARLY AVERAGE

0.0659 ILS

2017 MKD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 0.0696. Conversely, the yearly low was recorded on February 28, dropping to 0.0626.

This high-to-low spread represents a total annual volatility of 0.0070 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0659 to the December average rate of 0.0673, the exchange rate registered a net change of 2.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0696 was down 2.52% compared to the 2016 peak of 0.0714, 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 348 ILS

2016 Average 345 ILS

Yearly Trough Low 313 ILS

Transaction Impact: A difference of 34.82 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0696

0.0628

JanuMarcMayJulySeptNove

MKD to ILS 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 0.0643, compared to 0.0675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0032 points.

H1 Avg (Jan–Jun) 0.0643

H2 Avg (Jul–Dec) 0.0675

Volatility Range Comparison

Volatility

The most volatile month in 2017 was July, with a trading range of 0.0036 ILS (High: 0.0682 / Low: 0.0646). On the other end, December was the most stable month, with a tight range of 0.0009 ILS (High: 0.0679 / Low: 0.0670).

July Spread (Volatile) ±0.0036

December Spread (Stable) ±0.0009

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 January and February, when the average rate fell by 0.0016 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 0.0690) against the same month in 2016 (average: 0.0691), the exchange rate shifted by -0.0001 (-0.16%).

2017 Avg (August) 0.0690

2016 Avg (August) 0.0691

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0663	0.0654	0.0659
February	0.0660	0.0626	0.0643
March	0.0640	0.0627	0.0633
April	0.0646	0.0627	0.0634
May	0.0654	0.0636	0.0645
June	0.0650	0.0637	0.0643
July	0.0682	0.0646	0.0664
August	0.0696	0.0682	0.0690
September	0.0691	0.0675	0.0683
October	0.0676	0.0666	0.0670
November	0.0680	0.0661	0.0671
December	0.0679	0.0670	0.0673