YEARLY HIGH
0.1415 SRD
YEARLY LOW
0.0699 SRD
YEARLY AVERAGE
0.1102 SRD

2016 MKD to SRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 0.1415. Conversely, the yearly low was recorded on January 5, dropping to 0.0699.

This high-to-low spread represents a total annual volatility of 0.0716 SRD. From a start-to-finish perspective, comparing the January average rate of 0.0705 to the December average rate of 0.1261, the exchange rate registered a net change of 79.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1415 was up 99.49% compared to the 2015 peak of 0.0709, 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 707 SRD
2015 Average 301 SRD
Yearly Trough Low 349 SRD
Transaction Impact: A difference of 358.15 SRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1431
0.0638
JanuMarcMayJulySeptNove

MKD to SRD 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 0.0909, compared to 0.1295 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0386 points.

H1 Avg (Jan–Jun) 0.0909
H2 Avg (Jul–Dec) 0.1295

Volatility Range Comparison

Volatility

The most volatile month in 2016 was October, with a trading range of 0.0181 SRD (High: 0.1393 / Low: 0.1212). On the other end, January was the most stable month, with a tight range of 0.0010 SRD (High: 0.0708 / Low: 0.0699).

October Spread (Volatile) ±0.0181
January Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between 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 0.0068 points.

Longest Streak 8 Mo.
Sharpest MoM Drop -0.0068

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2016: 0.1365) against the same month in 2015 (average: 0.0599), the exchange rate shifted by +0.0766 (+127.72%).

2016 Avg (September) 0.1365
2015 Avg (September) 0.0599

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0708 0.0699 0.0705
February 0.0733 0.0706 0.0720
March 0.0733 0.0704 0.0721
April 0.1052 0.0929 0.0979
May 0.1174 0.1017 0.1067
June 0.1295 0.1166 0.1261
July 0.1288 0.1259 0.1271
August 0.1336 0.1280 0.1308
September 0.1415 0.1303 0.1365
October 0.1393 0.1212 0.1297
November 0.1290 0.1245 0.1265
December 0.1281 0.1247 0.1261