2016 MKD to IRR Historical Review

YEARLY HIGH

563.9639 IRR

YEARLY LOW

507.4651 IRR

YEARLY AVERAGE

541.9859 IRR

2016 MKD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 563.9639. Conversely, the yearly low was recorded on December 20, dropping to 507.4651.

This high-to-low spread represents a total annual volatility of 56.4988 IRR. From a start-to-finish perspective, comparing the January average rate of 529.4085 to the December average rate of 515.1352, the exchange rate registered a net change of -2.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 563.9639 was up 0.64% compared to the 2015 peak of 560.3675, 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 2,819,819 IRR

2015 Average 2,612,815 IRR

Yearly Trough Low 2,537,326 IRR

Transaction Impact: A difference of 282,493.84 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

559.5879

511.0941

JanuMarcMayJulySeptNove

MKD to IRR 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 547.3293, compared to 536.6425 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.6867 points.

H1 Avg (Jan–Jun) 547.3293

H2 Avg (Jul–Dec) 536.6425

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 27.2687 IRR (High: 543.9647 / Low: 516.6960). On the other end, September was the most stable month, with a tight range of 4.2979 IRR (High: 549.7442 / Low: 545.4463).

November Spread (Volatile) ±27.2687

September Spread (Stable) ±4.2979

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 November and December, when the average rate fell by 12.6983 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -12.6983

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 554.6177) against the same month in 2015 (average: 514.6596), the exchange rate shifted by +39.9581 (+7.76%).

2016 Avg (May) 554.6177

2015 Avg (May) 514.6596

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	532.1413	524.8514	529.4085
February	554.3663	530.2894	544.1156
March	557.5361	533.0871	546.4083
April	560.0522	551.3422	555.5467
May	563.9639	547.0308	554.6177
June	561.0852	543.3450	553.8788
July	551.0603	537.0254	542.3669
August	553.7859	540.4619	547.3790
September	549.7442	545.4463	547.5441
October	549.3978	532.1405	539.5965
November	543.9647	516.6960	527.8335
December	525.7871	507.4651	515.1352