2017 MKD to TOP Historical Review

YEARLY HIGH

0.0444 TOP

YEARLY LOW

0.0384 TOP

YEARLY AVERAGE

0.0415 TOP

2017 MKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.0444. Conversely, the yearly low was recorded on March 2, dropping to 0.0384.

This high-to-low spread represents a total annual volatility of 0.0060 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0398 to the December average rate of 0.0440, the exchange rate registered a net change of 10.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0444 was up 4.83% compared to the 2016 peak of 0.0423, 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 222 TOP

2016 Average 202 TOP

Yearly Trough Low 192 TOP

Transaction Impact: A difference of 30.10 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0445

0.0385

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 0.0402, compared to 0.0428 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0402

H2 Avg (Jul–Dec) 0.0428

Volatility Range Comparison

Volatility

The most volatile month in 2017 was March, with a trading range of 0.0021 TOP (High: 0.0404 / Low: 0.0384). On the other end, December was the most stable month, with a tight range of 0.0007 TOP (High: 0.0444 / Low: 0.0437).

March Spread (Volatile) ±0.0021

December Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0007 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2017: 0.0433) against the same month in 2016 (average: 0.0393), the exchange rate shifted by +0.0040 (+10.24%).

2017 Avg (November) 0.0433

2016 Avg (November) 0.0393

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0402	0.0393	0.0398
February	0.0401	0.0386	0.0390
March	0.0404	0.0384	0.0396
April	0.0410	0.0394	0.0399
May	0.0424	0.0408	0.0416
June	0.0420	0.0409	0.0414
July	0.0423	0.0413	0.0419
August	0.0431	0.0417	0.0422
September	0.0432	0.0422	0.0428
October	0.0432	0.0423	0.0427
November	0.0444	0.0424	0.0433
December	0.0444	0.0437	0.0440