2016 MKD to VUV Historical Review

YEARLY HIGH

2.0838 VUV

YEARLY LOW

1.8200 VUV

YEARLY AVERAGE

1.9568 VUV

2016 MKD to VUV Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to VUV exchange rate experienced significant fluctuation. The market reached its absolute peak on February 11, valuing the pair at 2.0838. Conversely, the yearly low was recorded on December 21, dropping to 1.8200.

This high-to-low spread represents a total annual volatility of 0.2638 VUV. From a start-to-finish perspective, comparing the January average rate of 1.9931 to the December average rate of 1.8529, the exchange rate registered a net change of -7.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.0838 was down 0.13% compared to the 2015 peak of 2.0864, 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 10,419 VUV

2015 Average 9,758 VUV

Yearly Trough Low 9,100 VUV

Transaction Impact: A difference of 1,318.92 VUV purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.0551

1.8345

JanuMarcMayJulySeptNove

MKD to VUV 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 2.0050, compared to 1.9086 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0964 points.

H1 Avg (Jan–Jun) 2.0050

H2 Avg (Jul–Dec) 1.9086

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.1149 VUV (High: 2.0607 / Low: 1.9458). On the other end, September was the most stable month, with a tight range of 0.0303 VUV (High: 1.9514 / Low: 1.9210).

June Spread (Volatile) ±0.1149

September Spread (Stable) ±0.0303

Growth Streaks & Declines

Trends

Between April and June, 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 June and July, when the average rate fell by 0.0803 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0803

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 2.0367) against the same month in 2015 (average: 1.9545), the exchange rate shifted by +0.0822 (+4.21%).

2016 Avg (February) 2.0367

2015 Avg (February) 1.9545

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0255	1.9525	1.9931
February	2.0838	1.9858	2.0367
March	2.0247	1.9643	1.9904
April	2.0175	1.9597	1.9833
May	2.0526	1.9722	2.0116
June	2.0607	1.9458	2.0148
July	1.9624	1.9155	1.9345
August	1.9750	1.9150	1.9368
September	1.9514	1.9210	1.9341
October	1.9377	1.8838	1.9129
November	1.9342	1.8508	1.8803
December	1.8858	1.8200	1.8529