YEARLY HIGH
0.0678 QAR
YEARLY LOW
0.0614 QAR
YEARLY AVERAGE
0.0655 QAR

2016 MKD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 0.0678. Conversely, the yearly low was recorded on December 20, dropping to 0.0614.

This high-to-low spread represents a total annual volatility of 0.0064 QAR. From a start-to-finish perspective, comparing the January average rate of 0.0643 to the December average rate of 0.0624, the exchange rate registered a net change of -2.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0678 was down 5.72% compared to the 2015 peak of 0.0720, 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 339 QAR
2015 Average 329 QAR
Yearly Trough Low 307 QAR
Transaction Impact: A difference of 32.03 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0674
0.0619
JanuMarcMayJulySeptNove

MKD to QAR 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 0.0660, compared to 0.0650 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0660
H2 Avg (Jul–Dec) 0.0650

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0033 QAR (High: 0.0659 / Low: 0.0625). On the other end, September was the most stable month, with a tight range of 0.0005 QAR (High: 0.0666 / Low: 0.0660).

November Spread (Volatile) ±0.0033
September Spread (Stable) ±0.0005

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 0.0015 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 0.0667) against the same month in 2015 (average: 0.0660), the exchange rate shifted by +0.0007 (+1.05%).

2016 Avg (May) 0.0667
2015 Avg (May) 0.0660

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0646 0.0637 0.0643
February 0.0669 0.0644 0.0657
March 0.0672 0.0643 0.0658
April 0.0675 0.0663 0.0669
May 0.0678 0.0657 0.0667
June 0.0673 0.0653 0.0665
July 0.0661 0.0650 0.0655
August 0.0671 0.0654 0.0663
September 0.0666 0.0660 0.0663
October 0.0665 0.0644 0.0653
November 0.0659 0.0625 0.0639
December 0.0637 0.0614 0.0624