2017 MKD to ISK Historical Review

YEARLY HIGH

2.0863 ISK

YEARLY LOW

1.7863 ISK

YEARLY AVERAGE

1.9541 ISK

2017 MKD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 2.0863. Conversely, the yearly low was recorded on June 5, dropping to 1.7863.

This high-to-low spread represents a total annual volatility of 0.3000 ISK. From a start-to-finish perspective, comparing the January average rate of 1.9743 to the December average rate of 2.0159, the exchange rate registered a net change of 2.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.0863 was down 10.12% compared to the 2016 peak of 2.3211, 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 10,432 ISK

2016 Average 10,857 ISK

Yearly Trough Low 8,931 ISK

Transaction Impact: A difference of 1,500.06 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.0801

1.8156

JanuMarcMayJulySeptNove

MKD to ISK 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 1.8993, compared to 2.0088 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1096 points.

H1 Avg (Jan–Jun) 1.8993

H2 Avg (Jul–Dec) 2.0088

Volatility Range Comparison

Volatility

The most volatile month in 2017 was February, with a trading range of 0.1802 ISK (High: 2.0132 / Low: 1.8330). On the other end, November was the most stable month, with a tight range of 0.0455 ISK (High: 2.0081 / Low: 1.9626).

February Spread (Volatile) ±0.1802

November Spread (Stable) ±0.0455

Growth Streaks & Declines

Trends

Between June and September, 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 April and May, when the average rate fell by 0.0727 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0727

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2017: 2.0580) against the same month in 2016 (average: 2.0902), the exchange rate shifted by -0.0322 (-1.54%).

2017 Avg (September) 2.0580

2016 Avg (September) 2.0902

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0240	1.9299	1.9743
February	2.0132	1.8330	1.9257
March	1.9621	1.8239	1.8936
April	1.9705	1.8783	1.9186
May	1.8904	1.8067	1.8459
June	1.9055	1.7863	1.8376
July	2.0061	1.8871	1.9518
August	2.0721	1.9969	2.0283
September	2.0863	2.0211	2.0580
October	2.0311	1.9813	2.0132
November	2.0081	1.9626	1.9858
December	2.0429	1.9909	2.0159