2017 MKD to VUV Historical Review

YEARLY HIGH

2.0810 VUV

YEARLY LOW

1.8316 VUV

YEARLY AVERAGE

1.9600 VUV

2017 MKD to VUV Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to VUV exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 2.0810. Conversely, the yearly low was recorded on February 21, dropping to 1.8316.

This high-to-low spread represents a total annual volatility of 0.2494 VUV. From a start-to-finish perspective, comparing the January average rate of 1.8817 to the December average rate of 2.0573, the exchange rate registered a net change of 9.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.0810 was down 0.14% compared to the 2016 peak of 2.0838, 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 10,405 VUV

2016 Average 9,782 VUV

Yearly Trough Low 9,158 VUV

Transaction Impact: A difference of 1,246.90 VUV purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.0778

1.8322

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 1.9038, compared to 2.0162 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1124 points.

H1 Avg (Jan–Jun) 1.9038

H2 Avg (Jul–Dec) 2.0162

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.0804 VUV (High: 2.0729 / Low: 1.9925). On the other end, December was the most stable month, with a tight range of 0.0432 VUV (High: 2.0810 / Low: 2.0377).

November Spread (Volatile) ±0.0804

December Spread (Stable) ±0.0432

Growth Streaks & Declines

Trends

Between February and May, 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 January and February, when the average rate fell by 0.0290 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0290

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 2.0573) against the same month in 2016 (average: 1.8529), the exchange rate shifted by +0.2044 (+11.03%).

2017 Avg (December) 2.0573

2016 Avg (December) 1.8529

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9107	1.8555	1.8817
February	1.8806	1.8316	1.8527
March	1.8883	1.8325	1.8734
April	1.9347	1.8643	1.8923
May	1.9983	1.9183	1.9639
June	1.9869	1.9334	1.9587
July	2.0036	1.9553	1.9776
August	2.0309	1.9756	1.9996
September	2.0465	1.9956	2.0170
October	2.0416	1.9978	2.0148
November	2.0729	1.9925	2.0308
December	2.0810	2.0377	2.0573