2017 MKD to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 MKD to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the MKD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 16.7309. Conversely, the yearly low was recorded on February 24, dropping to 14.0821.
This high-to-low spread represents a total annual volatility of 2.6488 RWF. From a start-to-finish perspective, comparing the January average rate of 14.3236 to the December average rate of 16.4954, the exchange rate registered a net change of 15.16% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 16.7309 was up 13.14% compared to the 2016 peak of 14.7878, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
MKD to RWF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 14.6850, compared to 16.0859 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4009 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 0.7972 RWF (High: 16.6142 / Low: 15.8170). On the other end, December was the most stable month, with a tight range of 0.4653 RWF (High: 16.7309 / Low: 16.2656).
Growth Streaks & Declines
TrendsBetween 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 0.0827 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 16.4954) against the same month in 2016 (average: 14.1352), the exchange rate shifted by +2.3602 (+16.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 14.6263 | 14.1085 | 14.3236 |
| February | 14.6966 | 14.0821 | 14.4219 |
| March | 14.7663 | 14.1280 | 14.4628 |
| April | 14.8684 | 14.1984 | 14.5438 |
| May | 15.3937 | 14.6376 | 15.0420 |
| June | 15.6373 | 15.0727 | 15.3159 |
| July | 15.9456 | 15.2755 | 15.6062 |
| August | 16.2601 | 15.6701 | 15.9304 |
| September | 16.4311 | 15.9410 | 16.1470 |
| October | 16.3831 | 15.8477 | 16.0643 |
| November | 16.6142 | 15.8170 | 16.2719 |
| December | 16.7309 | 16.2656 | 16.4954 |