YEARLY HIGH
0.0733 SAR
YEARLY LOW
0.0635 SAR
YEARLY AVERAGE
0.0688 SAR

2017 MKD to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 0.0733. Conversely, the yearly low was recorded on January 3, dropping to 0.0635.

This high-to-low spread represents a total annual volatility of 0.0098 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0648 to the December average rate of 0.0721, the exchange rate registered a net change of 11.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0733 was up 4.87% compared to the 2016 peak of 0.0699, 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 366 SAR
2016 Average 337 SAR
Yearly Trough Low 317 SAR
Transaction Impact: A difference of 49.13 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0733
0.0640
JanuMarcMayJulySeptNove

MKD to SAR 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 0.0659, compared to 0.0716 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0057 points.

H1 Avg (Jan–Jun) 0.0659
H2 Avg (Jul–Dec) 0.0716

Volatility Range Comparison

Volatility

The most volatile month in 2017 was July, with a trading range of 0.0027 SAR (High: 0.0718 / Low: 0.0690). On the other end, February was the most stable month, with a tight range of 0.0015 SAR (High: 0.0657 / Low: 0.0642).

July Spread (Volatile) ±0.0027
February Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0010 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2017: 0.0726) against the same month in 2016 (average: 0.0683), the exchange rate shifted by +0.0043 (+6.27%).

2017 Avg (September) 0.0726
2016 Avg (September) 0.0683

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0658 0.0635 0.0648
February 0.0657 0.0642 0.0648
March 0.0659 0.0640 0.0650
April 0.0667 0.0645 0.0652
May 0.0685 0.0662 0.0674
June 0.0695 0.0678 0.0683
July 0.0718 0.0690 0.0702
August 0.0730 0.0714 0.0719
September 0.0733 0.0715 0.0726
October 0.0723 0.0707 0.0716
November 0.0727 0.0706 0.0715
December 0.0732 0.0715 0.0721