2016 MKD to RUB Historical Review

YEARLY HIGH

1.4629 RUB

YEARLY LOW

1.0253 RUB

YEARLY AVERAGE

1.2048 RUB

2016 MKD to RUB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on February 11, valuing the pair at 1.4629. Conversely, the yearly low was recorded on December 28, dropping to 1.0253.

This high-to-low spread represents a total annual volatility of 0.4375 RUB. From a start-to-finish perspective, comparing the January average rate of 1.3509 to the December average rate of 1.0628, the exchange rate registered a net change of -21.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.4629 was up 10.52% compared to the 2015 peak of 1.3236, 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 7,314 RUB

2015 Average 5,528 RUB

Yearly Trough Low 5,127 RUB

Transaction Impact: A difference of 2,187.59 RUB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.4253

1.0299

JanuMarcMayJulySeptNove

MKD to RUB 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 1.2709, compared to 1.1388 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1322 points.

H1 Avg (Jan–Jun) 1.2709

H2 Avg (Jul–Dec) 1.1388

Volatility Range Comparison

Volatility

The most volatile month in 2016 was January, with a trading range of 0.1676 RUB (High: 1.4510 / Low: 1.2835). On the other end, September was the most stable month, with a tight range of 0.0456 RUB (High: 1.1948 / Low: 1.1492).

January Spread (Volatile) ±0.1676

September Spread (Stable) ±0.0456

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1294 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1294

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 1.3924) against the same month in 2015 (average: 1.1862), the exchange rate shifted by +0.2061 (+17.38%).

2016 Avg (February) 1.3924

2015 Avg (February) 1.1862

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4510	1.2835	1.3509
February	1.4629	1.3331	1.3924
March	1.3027	1.2316	1.2630
April	1.2658	1.1821	1.2234
May	1.2414	1.1877	1.2077
June	1.2142	1.1538	1.1882
July	1.1998	1.1310	1.1580
August	1.2152	1.1652	1.1809
September	1.1948	1.1492	1.1741
October	1.1491	1.1007	1.1237
November	1.1617	1.1020	1.1330
December	1.1138	1.0253	1.0628