2016 MKD to SZL Historical Review

YEARLY HIGH

0.2982 SZL

YEARLY LOW

0.2338 SZL

YEARLY AVERAGE

0.2644 SZL

2016 MKD to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 0.2982. Conversely, the yearly low was recorded on December 29, dropping to 0.2338.

This high-to-low spread represents a total annual volatility of 0.0644 SZL. From a start-to-finish perspective, comparing the January average rate of 0.2872 to the December average rate of 0.2377, the exchange rate registered a net change of -17.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.2982 was up 5.69% compared to the 2015 peak of 0.2822, 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 1,491 SZL

2015 Average 1,152 SZL

Yearly Trough Low 1,169 SZL

Transaction Impact: A difference of 322.04 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.2922

0.2328

JanuMarcMayJulySeptNove

MKD to SZL 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 0.2790, compared to 0.2498 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0292 points.

H1 Avg (Jan–Jun) 0.2790

H2 Avg (Jul–Dec) 0.2498

Volatility Range Comparison

Volatility

The most volatile month in 2016 was May, with a trading range of 0.0274 SZL (High: 0.2867 / Low: 0.2593). On the other end, December was the most stable month, with a tight range of 0.0092 SZL (High: 0.2430 / Low: 0.2338).

May Spread (Volatile) ±0.0274

December Spread (Stable) ±0.0092

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 June and July, when the average rate fell by 0.0163 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0163

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.2872) against the same month in 2015 (average: 0.2200), the exchange rate shifted by +0.0672 (+30.53%).

2016 Avg (January) 0.2872

2015 Avg (January) 0.2200

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2982	0.2733	0.2872
February	0.2937	0.2730	0.2850
March	0.2853	0.2729	0.2778
April	0.2814	0.2591	0.2685
May	0.2867	0.2593	0.2803
June	0.2838	0.2667	0.2754
July	0.2664	0.2531	0.2591
August	0.2620	0.2419	0.2503
September	0.2653	0.2471	0.2563
October	0.2565	0.2418	0.2500
November	0.2525	0.2390	0.2453
December	0.2430	0.2338	0.2377