2016 MKD to RSD Historical Review

YEARLY HIGH

2.0160 RSD

YEARLY LOW

1.9512 RSD

YEARLY AVERAGE

1.9985 RSD

2016 MKD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 26, valuing the pair at 2.0160. Conversely, the yearly low was recorded on April 30, dropping to 1.9512.

This high-to-low spread represents a total annual volatility of 0.0649 RSD. From a start-to-finish perspective, comparing the January average rate of 1.9910 to the December average rate of 2.0044, the exchange rate registered a net change of 0.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.0160 was down 1.44% compared to the 2015 peak of 2.0455, 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 10,080 RSD

2015 Average 9,812 RSD

Yearly Trough Low 9,756 RSD

Transaction Impact: A difference of 324.43 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.0062

1.9883

JanuMarcMayJulySeptNove

MKD to RSD 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 1.9952, compared to 2.0018 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0066 points.

H1 Avg (Jan–Jun) 1.9952

H2 Avg (Jul–Dec) 2.0018

Volatility Range Comparison

Volatility

The most volatile month in 2016 was May, with a trading range of 0.0522 RSD (High: 2.0045 / Low: 1.9523). On the other end, July was the most stable month, with a tight range of 0.0067 RSD (High: 2.0073 / Low: 2.0006).

May Spread (Volatile) ±0.0522

July Spread (Stable) ±0.0067

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0095 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 2.0047) against the same month in 2015 (average: 1.9570), the exchange rate shifted by +0.0477 (+2.44%).

2016 Avg (June) 2.0047

2015 Avg (June) 1.9570

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0037	1.9761	1.9910
February	2.0059	1.9740	1.9941
March	2.0056	1.9907	1.9992
April	1.9977	1.9512	1.9898
May	2.0045	1.9523	1.9924
June	2.0160	1.9957	2.0047
July	2.0073	2.0006	2.0041
August	2.0061	1.9909	2.0008
September	2.0065	1.9942	2.0004
October	2.0039	1.9967	2.0008
November	2.0060	1.9917	2.0006
December	2.0091	1.9987	2.0044