2016 MKD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 MKD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MKD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on February 11, valuing the pair at 63.4566. Conversely, the yearly low was recorded on March 2, dropping to 58.9873.
This high-to-low spread represents a total annual volatility of 4.4693 UGX. From a start-to-finish perspective, comparing the January average rate of 60.7974 to the December average rate of 61.6783, the exchange rate registered a net change of 1.45% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 63.4566 was down 6.77% compared to the 2015 peak of 68.0653, 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 UGX 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 61.2512, compared to 61.5720 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3208 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was February, with a trading range of 3.8849 UGX (High: 63.4566 / Low: 59.5717). On the other end, September was the most stable month, with a tight range of 0.6538 UGX (High: 61.8774 / Low: 61.2236).
Growth Streaks & Declines
TrendsBetween July and September, 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 February and March, when the average rate fell by 1.0459 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2016: 61.8162) against the same month in 2015 (average: 52.9615), the exchange rate shifted by +8.8547 (+16.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 61.6855 | 59.3564 | 60.7974 |
| February | 63.4566 | 59.5717 | 61.8162 |
| March | 62.1787 | 58.9873 | 60.7702 |
| April | 62.2270 | 60.3468 | 61.4042 |
| May | 61.9385 | 60.6430 | 61.2621 |
| June | 62.2217 | 60.9130 | 61.4572 |
| July | 61.5774 | 60.2487 | 60.8093 |
| August | 62.0424 | 60.6100 | 61.3833 |
| September | 61.8774 | 61.2236 | 61.5497 |
| October | 61.9947 | 60.9620 | 61.5486 |
| November | 63.2157 | 62.0053 | 62.4631 |
| December | 63.3310 | 60.1655 | 61.6783 |