2017 MKD to UGX Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 MKD to UGX Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the MKD to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 70.9184. Conversely, the yearly low was recorded on February 22, dropping to 61.1349.
This high-to-low spread represents a total annual volatility of 9.7836 UGX. From a start-to-finish perspective, comparing the January average rate of 62.4737 to the December average rate of 69.7793, the exchange rate registered a net change of 11.69% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 70.9184 was up 11.76% compared to the 2016 peak of 63.4566, 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 2017.
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 63.4397, compared to 69.2121 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.7725 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was July, with a trading range of 3.2312 UGX (High: 69.3419 / Low: 66.1107). On the other end, October was the most stable month, with a tight range of 1.4079 UGX (High: 70.1404 / Low: 68.7324).
Growth Streaks & Declines
TrendsBetween February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.4904 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 69.7793) against the same month in 2016 (average: 61.6783), the exchange rate shifted by +8.1010 (+13.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 63.1618 | 61.3393 | 62.4737 |
| February | 63.3434 | 61.1349 | 61.9833 |
| March | 63.7327 | 61.2458 | 62.5581 |
| April | 64.8474 | 62.2575 | 63.1452 |
| May | 66.1381 | 64.1849 | 65.0961 |
| June | 66.5017 | 64.9318 | 65.3814 |
| July | 69.3419 | 66.1107 | 67.5275 |
| August | 70.6654 | 68.4424 | 69.2517 |
| September | 70.7978 | 68.7290 | 69.8938 |
| October | 70.1404 | 68.7324 | 69.4413 |
| November | 70.3183 | 68.4541 | 69.3792 |
| December | 70.9184 | 68.9075 | 69.7793 |