YEARLY HIGH
2.1568 PKR
YEARLY LOW
1.7712 PKR
YEARLY AVERAGE
1.9316 PKR

2017 MKD to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.1568. Conversely, the yearly low was recorded on January 3, dropping to 1.7712.

This high-to-low spread represents a total annual volatility of 0.3857 PKR. From a start-to-finish perspective, comparing the January average rate of 1.8081 to the December average rate of 2.0910, the exchange rate registered a net change of 15.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.1568 was up 10.56% compared to the 2016 peak of 1.9508, 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 10,784 PKR
2016 Average 9,412 PKR
Yearly Trough Low 8,856 PKR
Transaction Impact: A difference of 1,928.25 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.1193
1.7799
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 1.8412, compared to 2.0221 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1810 points.

H1 Avg (Jan–Jun) 1.8412
H2 Avg (Jul–Dec) 2.0221

Volatility Range Comparison

Volatility

The most volatile month in 2017 was December, with a trading range of 0.1409 PKR (High: 2.1568 / Low: 2.0159). On the other end, October was the most stable month, with a tight range of 0.0353 PKR (High: 2.0241 / Low: 1.9888).

December Spread (Volatile) ±0.1409
October Spread (Stable) ±0.0353

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0312 points.

Longest Streak 8 Mo.
Sharpest MoM Drop -0.0312

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 2.0910) against the same month in 2016 (average: 1.7948), the exchange rate shifted by +0.2961 (+16.50%).

2017 Avg (December) 2.0910
2016 Avg (December) 1.7948

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.8312 1.7712 1.8081
February 1.8342 1.7880 1.8109
March 1.8419 1.7877 1.8155
April 1.8612 1.8020 1.8236
May 1.9136 1.8494 1.8820
June 1.9392 1.8978 1.9069
July 2.0035 1.9281 1.9678
August 2.0608 1.9943 2.0153
September 2.0645 2.0093 2.0410
October 2.0241 1.9888 2.0099
November 2.0456 1.9794 2.0077
December 2.1568 2.0159 2.0910