2016 MKD to VEF Historical Review

YEARLY HIGH

0.1858 VEF

YEARLY LOW

0.1106 VEF

YEARLY AVERAGE

0.1630 VEF

2016 MKD to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 0.1858. Conversely, the yearly low was recorded on January 5, dropping to 0.1106.

This high-to-low spread represents a total annual volatility of 0.0753 VEF. From a start-to-finish perspective, comparing the January average rate of 0.1115 to the December average rate of 0.1711, the exchange rate registered a net change of 53.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1858 was up 48.75% compared to the 2015 peak of 0.1249, 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 929 VEF

2015 Average 570 VEF

Yearly Trough Low 553 VEF

Transaction Impact: A difference of 376.26 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1904

0.1044

JanuMarcMayJulySeptNove

MKD to VEF 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 0.1480, compared to 0.1780 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0300 points.

H1 Avg (Jan–Jun) 0.1480

H2 Avg (Jul–Dec) 0.1780

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0090 VEF (High: 0.1804 / Low: 0.1714). On the other end, September was the most stable month, with a tight range of 0.0014 VEF (High: 0.1824 / Low: 0.1810).

November Spread (Volatile) ±0.0090

September Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between January and April, 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 November and December, when the average rate fell by 0.0040 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0040

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 0.1827) against the same month in 2015 (average: 0.1146), the exchange rate shifted by +0.0681 (+59.47%).

2016 Avg (May) 0.1827

2015 Avg (May) 0.1146

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1121	0.1106	0.1115
February	0.1161	0.1117	0.1140
March	0.1163	0.1115	0.1143
April	0.1847	0.1817	0.1832
May	0.1858	0.1800	0.1827
June	0.1844	0.1787	0.1821
July	0.1811	0.1781	0.1796
August	0.1838	0.1793	0.1816
September	0.1824	0.1810	0.1816
October	0.1823	0.1765	0.1790
November	0.1804	0.1714	0.1751
December	0.1745	0.1687	0.1711