2016 MKD to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 MKD to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MKD to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 103.6121. Conversely, the yearly low was recorded on May 24, dropping to 71.1702.
This high-to-low spread represents a total annual volatility of 32.4419 SLL. From a start-to-finish perspective, comparing the January average rate of 73.2090 to the December average rate of 94.7342, the exchange rate registered a net change of 29.40% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 103.6121 was up 23.11% compared to the 2015 peak of 84.1589, 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 2016.
MKD to SLL 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 73.5869, compared to 99.4700 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 25.8831 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 22.9041 SLL (High: 94.2696 / Low: 71.3655). On the other end, April was the most stable month, with a tight range of 1.7350 SLL (High: 73.6656 / Low: 71.9306).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 3.4477 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 101.1870) against the same month in 2015 (average: 68.3670), the exchange rate shifted by +32.8200 (+48.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 74.4544 | 72.2434 | 73.2090 |
| February | 75.2382 | 72.2800 | 73.8657 |
| March | 74.2662 | 71.8523 | 73.1343 |
| April | 73.6656 | 71.9306 | 72.8789 |
| May | 73.5030 | 71.1702 | 72.3038 |
| June | 94.2696 | 71.3655 | 76.1301 |
| July | 100.5785 | 98.5905 | 99.3115 |
| August | 103.6121 | 98.8392 | 101.1870 |
| September | 103.2564 | 100.9051 | 102.5338 |
| October | 103.1811 | 98.9547 | 100.8719 |
| November | 101.5639 | 95.7868 | 98.1819 |
| December | 97.1187 | 93.1692 | 94.7342 |