2016 MKD to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 MKD to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MKD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 14, valuing the pair at 13.6406. Conversely, the yearly low was recorded on January 5, dropping to 11.5281.
This high-to-low spread represents a total annual volatility of 2.1125 MWK. From a start-to-finish perspective, comparing the January average rate of 12.1683 to the December average rate of 12.3878, the exchange rate registered a net change of 1.80% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 13.6406 was up 16.20% compared to the 2015 peak of 11.7386, 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 MWK 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 12.7185, compared to 12.8173 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0988 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was January, with a trading range of 1.3665 MWK (High: 12.8947 / Low: 11.5281). On the other end, September was the most stable month, with a tight range of 0.1049 MWK (High: 13.1498 / Low: 13.0449).
Growth Streaks & Declines
TrendsBetween April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.6874 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2016: 13.3348) against the same month in 2015 (average: 8.2929), the exchange rate shifted by +5.0419 (+60.80%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 12.8947 | 11.5281 | 12.1683 |
| February | 13.6406 | 12.7522 | 13.3348 |
| March | 13.1345 | 12.3226 | 12.6474 |
| April | 12.6838 | 12.3342 | 12.5151 |
| May | 12.8959 | 12.4741 | 12.7522 |
| June | 13.1362 | 12.6145 | 12.8933 |
| July | 13.0048 | 12.7672 | 12.8426 |
| August | 13.2349 | 12.8852 | 13.0742 |
| September | 13.1498 | 13.0449 | 13.0884 |
| October | 13.1085 | 12.6962 | 12.8856 |
| November | 12.9862 | 12.3768 | 12.6254 |
| December | 12.6679 | 12.1427 | 12.3878 |