2016 MKD to PHP Historical Review

YEARLY HIGH

0.8836 PHP

YEARLY LOW

0.8213 PHP

YEARLY AVERAGE

0.8534 PHP

2016 MKD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 1, valuing the pair at 0.8836. Conversely, the yearly low was recorded on January 5, dropping to 0.8213.

This high-to-low spread represents a total annual volatility of 0.0623 PHP. From a start-to-finish perspective, comparing the January average rate of 0.8385 to the December average rate of 0.8526, the exchange rate registered a net change of 1.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.8836 was down 0.79% compared to the 2015 peak of 0.8907, 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 4,418 PHP

2015 Average 4,108 PHP

Yearly Trough Low 4,107 PHP

Transaction Impact: A difference of 311.43 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.8704

0.8356

JanuMarcMayJulySeptNove

MKD to PHP 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 0.8495, compared to 0.8574 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0079 points.

H1 Avg (Jan–Jun) 0.8495

H2 Avg (Jul–Dec) 0.8574

Volatility Range Comparison

Volatility

The most volatile month in 2016 was September, with a trading range of 0.0378 PHP (High: 0.8835 / Low: 0.8457). On the other end, July was the most stable month, with a tight range of 0.0141 PHP (High: 0.8544 / Low: 0.8403).

September Spread (Volatile) ±0.0378

July Spread (Stable) ±0.0141

Growth Streaks & Declines

Trends

Between July and October, 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 February and March, when the average rate fell by 0.0164 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0164

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 0.8675) against the same month in 2015 (average: 0.8481), the exchange rate shifted by +0.0194 (+2.29%).

2016 Avg (October) 0.8675

2015 Avg (October) 0.8481

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8482	0.8213	0.8385
February	0.8718	0.8407	0.8586
March	0.8499	0.8338	0.8422
April	0.8611	0.8446	0.8516
May	0.8796	0.8430	0.8577
June	0.8589	0.8423	0.8484
July	0.8544	0.8403	0.8465
August	0.8564	0.8420	0.8485
September	0.8835	0.8457	0.8654
October	0.8836	0.8533	0.8675
November	0.8779	0.8558	0.8637
December	0.8681	0.8435	0.8526