YEARLY HIGH
0.0132 JOD
YEARLY LOW
0.0119 JOD
YEARLY AVERAGE
0.0127 JOD

2016 MKD to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 0.0132. Conversely, the yearly low was recorded on December 20, dropping to 0.0119.

This high-to-low spread represents a total annual volatility of 0.0013 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0125 to the December average rate of 0.0121, the exchange rate registered a net change of -3.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0132 was down 5.76% compared to the 2015 peak of 0.0140, 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 66 JOD
2015 Average 64 JOD
Yearly Trough Low 60 JOD
Transaction Impact: A difference of 6.38 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0131
0.0120
JanuMarcMayJulySeptNove

MKD to JOD 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 0.0128, compared to 0.0126 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0128
H2 Avg (Jul–Dec) 0.0126

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0006 JOD (High: 0.0128 / Low: 0.0122). On the other end, September was the most stable month, with a tight range of 0.0001 JOD (High: 0.0130 / Low: 0.0128).

November Spread (Volatile) ±0.0006
September Spread (Stable) ±0.0001

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 0.0003 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 0.0130) against the same month in 2015 (average: 0.0128), the exchange rate shifted by +0.0001 (+1.03%).

2016 Avg (May) 0.0130
2015 Avg (May) 0.0128

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0126 0.0124 0.0125
February 0.0130 0.0125 0.0128
March 0.0131 0.0125 0.0128
April 0.0131 0.0129 0.0130
May 0.0132 0.0128 0.0130
June 0.0131 0.0127 0.0129
July 0.0129 0.0126 0.0127
August 0.0131 0.0127 0.0129
September 0.0130 0.0128 0.0129
October 0.0129 0.0125 0.0127
November 0.0128 0.0122 0.0124
December 0.0124 0.0119 0.0121