2016 MKD to NZD Historical Review

YEARLY HIGH

0.0277 NZD

YEARLY LOW

0.0240 NZD

YEARLY AVERAGE

0.0258 NZD

2016 MKD to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 19, valuing the pair at 0.0277. Conversely, the yearly low was recorded on December 13, dropping to 0.0240.

This high-to-low spread represents a total annual volatility of 0.0037 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0270 to the December average rate of 0.0244, the exchange rate registered a net change of -9.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0277 was down 5.00% compared to the 2015 peak of 0.0291, 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 138 NZD

2015 Average 129 NZD

Yearly Trough Low 120 NZD

Transaction Impact: A difference of 18.52 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0275

0.0241

JanuMarcMayJulySeptNove

MKD to NZD 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 0.0267, compared to 0.0249 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.0267

H2 Avg (Jul–Dec) 0.0249

Volatility Range Comparison

Volatility

The most volatile month in 2016 was January, with a trading range of 0.0019 NZD (High: 0.0277 / Low: 0.0258). On the other end, August was the most stable month, with a tight range of 0.0005 NZD (High: 0.0254 / Low: 0.0249).

January Spread (Volatile) ±0.0019

August Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0010 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.0270) against the same month in 2015 (average: 0.0249), the exchange rate shifted by +0.0020 (+8.22%).

2016 Avg (January) 0.0270

2015 Avg (January) 0.0249

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0277	0.0258	0.0270
February	0.0276	0.0266	0.0272
March	0.0273	0.0262	0.0268
April	0.0272	0.0261	0.0267
May	0.0273	0.0260	0.0270
June	0.0267	0.0253	0.0259
July	0.0257	0.0246	0.0252
August	0.0254	0.0249	0.0252
September	0.0252	0.0244	0.0249
October	0.0255	0.0247	0.0251
November	0.0249	0.0242	0.0246
December	0.0247	0.0240	0.0244