2017 MKD to RSD Historical Review

YEARLY HIGH

2.0175 RSD

YEARLY LOW

1.9173 RSD

YEARLY AVERAGE

1.9697 RSD

2017 MKD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 2.0175. Conversely, the yearly low was recorded on December 26, dropping to 1.9173.

This high-to-low spread represents a total annual volatility of 0.1002 RSD. From a start-to-finish perspective, comparing the January average rate of 2.0114 to the December average rate of 1.9320, the exchange rate registered a net change of -3.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.0175 was up 0.07% compared to the 2016 peak of 2.0160, 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 10,088 RSD

2016 Average 9,993 RSD

Yearly Trough Low 9,587 RSD

Transaction Impact: A difference of 501.19 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.0201

1.9210

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 2.0020, compared to 1.9374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0646 points.

H1 Avg (Jan–Jun) 2.0020

H2 Avg (Jul–Dec) 1.9374

Volatility Range Comparison

Volatility

The most volatile month in 2017 was June, with a trading range of 0.0663 RSD (High: 1.9907 / Low: 1.9243). On the other end, February was the most stable month, with a tight range of 0.0072 RSD (High: 2.0147 / Low: 2.0075).

June Spread (Volatile) ±0.0663

February Spread (Stable) ±0.0072

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0240 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0240

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 2.0114) against the same month in 2016 (average: 1.9910), the exchange rate shifted by +0.0205 (+1.03%).

2017 Avg (January) 2.0114

2016 Avg (January) 1.9910

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0175	2.0045	2.0114
February	2.0147	2.0075	2.0118
March	2.0164	1.9935	2.0083
April	2.0128	1.9973	2.0067
May	2.0079	1.9879	1.9968
June	1.9907	1.9243	1.9771
July	1.9673	1.9410	1.9531
August	1.9526	1.9190	1.9372
September	1.9415	1.9314	1.9364
October	1.9422	1.9329	1.9366
November	1.9406	1.9210	1.9292
December	1.9437	1.9173	1.9320