2016 MKD to KZT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 MKD to KZT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MKD to KZT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 6.7791. Conversely, the yearly low was recorded on December 21, dropping to 5.6193.
This high-to-low spread represents a total annual volatility of 1.1598 KZT. From a start-to-finish perspective, comparing the January average rate of 6.3947 to the December average rate of 5.7270, the exchange rate registered a net change of -10.44% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 6.7791 was up 11.79% compared to the 2015 peak of 6.0641, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
MKD to KZT Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 6.2553, compared to 6.0398 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2155 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was January, with a trading range of 0.7808 KZT (High: 6.7791 / Low: 5.9982). On the other end, September was the most stable month, with a tight range of 0.1330 KZT (High: 6.2520 / Low: 6.1191).
Growth Streaks & Declines
TrendsBetween May and August, 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 0.2390 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2016: 6.3947) against the same month in 2015 (average: 3.4966), the exchange rate shifted by +2.8981 (+82.88%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.7791 | 5.9982 | 6.3947 |
| February | 6.6885 | 6.1791 | 6.4632 |
| March | 6.3634 | 6.1254 | 6.2426 |
| April | 6.3810 | 5.9705 | 6.1932 |
| May | 6.1794 | 5.9744 | 6.0883 |
| June | 6.2153 | 6.0727 | 6.1501 |
| July | 6.3924 | 6.0722 | 6.1502 |
| August | 6.4353 | 6.1653 | 6.2623 |
| September | 6.2520 | 6.1191 | 6.1703 |
| October | 6.1296 | 5.8451 | 5.9631 |
| November | 6.1278 | 5.7716 | 5.9660 |
| December | 5.8686 | 5.6193 | 5.7270 |