2016 MKD to TOP Historical Review

YEARLY HIGH

0.0423 TOP

YEARLY LOW

0.0382 TOP

YEARLY AVERAGE

0.0405 TOP

2016 MKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 7, valuing the pair at 0.0423. Conversely, the yearly low was recorded on December 19, dropping to 0.0382.

This high-to-low spread represents a total annual volatility of 0.0041 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0398 to the December average rate of 0.0390, the exchange rate registered a net change of -1.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0423 was up 1.56% compared to the 2015 peak of 0.0417, 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 212 TOP

2015 Average 191 TOP

Yearly Trough Low 191 TOP

Transaction Impact: A difference of 20.74 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0415

0.0388

JanuMarcMayJulySeptNove

MKD to TOP 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 0.0408, compared to 0.0402 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0408

H2 Avg (Jul–Dec) 0.0402

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0022 TOP (High: 0.0408 / Low: 0.0386). On the other end, September was the most stable month, with a tight range of 0.0005 TOP (High: 0.0412 / Low: 0.0407).

November Spread (Volatile) ±0.0022

September Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0011 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 0.0410) against the same month in 2015 (average: 0.0370), the exchange rate shifted by +0.0040 (+10.79%).

2016 Avg (February) 0.0410

2015 Avg (February) 0.0370

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0407	0.0391	0.0398
February	0.0423	0.0402	0.0410
March	0.0412	0.0400	0.0407
April	0.0415	0.0403	0.0409
May	0.0418	0.0407	0.0412
June	0.0419	0.0399	0.0410
July	0.0415	0.0404	0.0408
August	0.0416	0.0406	0.0411
September	0.0412	0.0407	0.0409
October	0.0411	0.0391	0.0399
November	0.0408	0.0386	0.0393
December	0.0396	0.0382	0.0390