2016 MKD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 MKD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MKD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 6.4021. Conversely, the yearly low was recorded on January 5, dropping to 3.4844.
This high-to-low spread represents a total annual volatility of 2.9178 NGN. From a start-to-finish perspective, comparing the January average rate of 3.5130 to the December average rate of 5.3929, the exchange rate registered a net change of 53.51% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 6.4021 was up 68.96% compared to the 2015 peak of 3.7891, 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 NGN 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 3.6818, compared to 5.5578 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8761 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 1.6289 NGN (High: 5.2320 / Low: 3.6031). On the other end, January was the most stable month, with a tight range of 0.0459 NGN (High: 3.5302 / Low: 3.4844).
Growth Streaks & Declines
TrendsBetween 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 August and September, when the average rate fell by 0.1720 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 5.8699) against the same month in 2015 (average: 3.6008), the exchange rate shifted by +2.2691 (+63.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.5302 | 3.4844 | 3.5130 |
| February | 3.6533 | 3.5186 | 3.5878 |
| March | 3.6698 | 3.5112 | 3.5970 |
| April | 3.6882 | 3.6283 | 3.6571 |
| May | 3.7072 | 3.5937 | 3.6471 |
| June | 5.2320 | 3.6031 | 4.0888 |
| July | 5.8035 | 5.0653 | 5.2646 |
| August | 6.4021 | 5.6582 | 5.8699 |
| September | 5.7398 | 5.6508 | 5.6979 |
| October | 5.7324 | 5.5452 | 5.6154 |
| November | 5.6765 | 5.3863 | 5.5064 |
| December | 5.5062 | 5.2309 | 5.3929 |