2017 MKD to IRR Historical Review

YEARLY HIGH

695.2505 IRR

YEARLY LOW

508.9465 IRR

YEARLY AVERAGE

606.7304 IRR

2017 MKD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 695.2505. Conversely, the yearly low was recorded on January 3, dropping to 508.9465.

This high-to-low spread represents a total annual volatility of 186.3041 IRR. From a start-to-finish perspective, comparing the January average rate of 548.0200 to the December average rate of 678.1136, the exchange rate registered a net change of 23.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 695.2505 was up 23.28% compared to the 2016 peak of 563.9639, 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 3,476,253 IRR

2016 Average 2,709,641 IRR

Yearly Trough Low 2,544,732 IRR

Transaction Impact: A difference of 931,520.28 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

691.1229

535.0106

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 568.1112, compared to 645.3496 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 77.2384 points.

H1 Avg (Jan–Jun) 568.1112

H2 Avg (Jul–Dec) 645.3496

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 59.1135 IRR (High: 568.0599 / Low: 508.9465). On the other end, September was the most stable month, with a tight range of 11.8126 IRR (High: 649.7492 / Low: 637.9366).

January Spread (Volatile) ±59.1135

September Spread (Stable) ±11.8126

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 678.1136) against the same month in 2016 (average: 515.1352), the exchange rate shifted by +162.9783 (+31.64%).

2017 Avg (December) 678.1136

2016 Avg (December) 515.1352

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	568.0599	508.9465	548.0200
February	566.8244	554.8996	559.7936
March	569.6938	553.1379	562.2384
April	576.9200	557.9228	564.3122
May	592.5447	572.9167	583.0503
June	601.7607	587.1995	591.2527
July	625.8419	598.7905	610.4278
August	641.7740	625.3754	629.5391
September	649.7492	637.9366	644.6143
October	658.8035	638.4029	647.6558
November	673.7381	651.2524	661.7468
December	695.2505	668.4690	678.1136