2017 MKD to VEF Historical Review

YEARLY HIGH

0.2080 VEF

YEARLY LOW

0.1688 VEF

YEARLY AVERAGE

0.1853 VEF

2017 MKD to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 2, valuing the pair at 0.2080. Conversely, the yearly low was recorded on January 3, dropping to 0.1688.

This high-to-low spread represents a total annual volatility of 0.0392 VEF. From a start-to-finish perspective, comparing the January average rate of 0.1726 to the December average rate of 0.1982, the exchange rate registered a net change of 14.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.2080 was up 11.91% compared to the 2016 peak of 0.1858, 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 1,040 VEF

2016 Average 815 VEF

Yearly Trough Low 844 VEF

Transaction Impact: A difference of 195.79 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.2007

0.1700

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 0.1761, compared to 0.1944 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0183 points.

H1 Avg (Jan–Jun) 0.1761

H2 Avg (Jul–Dec) 0.1944

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.0199 VEF (High: 0.2080 / Low: 0.1881). On the other end, February was the most stable month, with a tight range of 0.0038 VEF (High: 0.1748 / Low: 0.1710).

November Spread (Volatile) ±0.0199

February Spread (Stable) ±0.0038

Growth Streaks & Declines

Trends

Between 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 September and October, when the average rate fell by 0.0019 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2017: 0.1973) against the same month in 2016 (average: 0.1751), the exchange rate shifted by +0.0222 (+12.67%).

2017 Avg (November) 0.1973

2016 Avg (November) 0.1751

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1754	0.1688	0.1726
February	0.1748	0.1710	0.1726
March	0.1754	0.1704	0.1732
April	0.1801	0.1717	0.1749
May	0.1855	0.1772	0.1809
June	0.1876	0.1807	0.1828
July	0.1941	0.1849	0.1890
August	0.1984	0.1908	0.1945
September	0.1981	0.1911	0.1948
October	0.2005	0.1882	0.1929
November	0.2080	0.1881	0.1973
December	0.2074	0.1906	0.1982