2017 MKD to PHP Historical Review

YEARLY HIGH

0.9962 PHP

YEARLY LOW

0.8420 PHP

YEARLY AVERAGE

0.9244 PHP

2017 MKD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 0.9962. Conversely, the yearly low was recorded on January 3, dropping to 0.8420.

This high-to-low spread represents a total annual volatility of 0.1542 PHP. From a start-to-finish perspective, comparing the January average rate of 0.8596 to the December average rate of 0.9673, the exchange rate registered a net change of 12.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.9962 was up 12.75% compared to the 2016 peak of 0.8836, 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 4,981 PHP

2016 Average 4,267 PHP

Yearly Trough Low 4,210 PHP

Transaction Impact: A difference of 771.17 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.9990

0.8469

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 0.8772, compared to 0.9715 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0943 points.

H1 Avg (Jan–Jun) 0.8772

H2 Avg (Jul–Dec) 0.9715

Volatility Range Comparison

Volatility

The most volatile month in 2017 was April, with a trading range of 0.0368 PHP (High: 0.8886 / Low: 0.8519). On the other end, February was the most stable month, with a tight range of 0.0140 PHP (High: 0.8708 / Low: 0.8568).

April Spread (Volatile) ±0.0368

February Spread (Stable) ±0.0140

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0095 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 0.9764) against the same month in 2016 (average: 0.8485), the exchange rate shifted by +0.1279 (+15.08%).

2017 Avg (August) 0.9764

2016 Avg (August) 0.8485

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8727	0.8420	0.8596
February	0.8708	0.8568	0.8637
March	0.8837	0.8576	0.8708
April	0.8886	0.8519	0.8665
May	0.9118	0.8807	0.8950
June	0.9349	0.9000	0.9080
July	0.9655	0.9312	0.9475
August	0.9962	0.9615	0.9764
September	0.9953	0.9730	0.9863
October	0.9923	0.9707	0.9805
November	0.9814	0.9644	0.9710
December	0.9767	0.9608	0.9673