YEARLY HIGH
1.9508 PKR
YEARLY LOW
1.7671 PKR
YEARLY AVERAGE
1.8825 PKR

2016 MKD to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 1.9508. Conversely, the yearly low was recorded on December 20, dropping to 1.7671.

This high-to-low spread represents a total annual volatility of 0.1837 PKR. From a start-to-finish perspective, comparing the January average rate of 1.8512 to the December average rate of 1.7948, the exchange rate registered a net change of -3.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.9508 was down 2.26% compared to the 2015 peak of 1.9958, 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 9,754 PKR
2015 Average 9,272 PKR
Yearly Trough Low 8,835 PKR
Transaction Impact: A difference of 918.57 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.9371
1.7819
JanuMarcMayJulySeptNove

MKD to PKR 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 1.8972, compared to 1.8678 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0295 points.

H1 Avg (Jan–Jun) 1.8972
H2 Avg (Jul–Dec) 1.8678

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0931 PKR (High: 1.8934 / Low: 1.8003). On the other end, September was the most stable month, with a tight range of 0.0188 PKR (High: 1.9148 / Low: 1.8960).

November Spread (Volatile) ±0.0931
September Spread (Stable) ±0.0188

Growth Streaks & Declines

Trends

Between 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 November and December, when the average rate fell by 0.0448 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0448

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 1.9189) against the same month in 2015 (average: 1.8472), the exchange rate shifted by +0.0717 (+3.88%).

2016 Avg (May) 1.9189
2015 Avg (May) 1.8472

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.8602 1.8359 1.8512
February 1.9209 1.8525 1.8867
March 1.9325 1.8483 1.8923
April 1.9391 1.9100 1.9242
May 1.9508 1.8905 1.9189
June 1.9370 1.8760 1.9102
July 1.9015 1.8708 1.8857
August 1.9286 1.8790 1.9057
September 1.9148 1.8960 1.9031
October 1.9082 1.8542 1.8778
November 1.8934 1.8003 1.8396
December 1.8300 1.7671 1.7948