YEARLY HIGH
10.8002 XOF
YEARLY LOW
10.4419 XOF
YEARLY AVERAGE
10.7013 XOF

2016 MKD to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 8, valuing the pair at 10.8002. Conversely, the yearly low was recorded on May 2, dropping to 10.4419.

This high-to-low spread represents a total annual volatility of 0.3583 XOF. From a start-to-finish perspective, comparing the January average rate of 10.7135 to the December average rate of 10.6585, the exchange rate registered a net change of -0.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 10.8002 was down 1.78% compared to the 2015 peak of 10.9958, 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 54,001 XOF
2015 Average 53,377 XOF
Yearly Trough Low 52,210 XOF
Transaction Impact: A difference of 1,791.61 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

10.7342
10.6516
JanuMarcMayJulySeptNove

MKD to XOF 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 10.7100, compared to 10.6927 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0173 points.

H1 Avg (Jan–Jun) 10.7100
H2 Avg (Jul–Dec) 10.6927

Volatility Range Comparison

Volatility

The most volatile month in 2016 was May, with a trading range of 0.3198 XOF (High: 10.7617 / Low: 10.4419). On the other end, June was the most stable month, with a tight range of 0.0679 XOF (High: 10.7461 / Low: 10.6782).

May Spread (Volatile) ±0.3198
June Spread (Stable) ±0.0679

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 November and December, when the average rate fell by 0.0302 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0302

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 10.7273) against the same month in 2015 (average: 10.6625), the exchange rate shifted by +0.0648 (+0.61%).

2016 Avg (February) 10.7273
2015 Avg (February) 10.6625

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 10.7625 10.6623 10.7135
February 10.8002 10.6438 10.7273
March 10.7428 10.6451 10.7113
April 10.7660 10.5572 10.6985
May 10.7617 10.4419 10.7002
June 10.7461 10.6782 10.7092
July 10.7480 10.6544 10.7072
August 10.7629 10.6595 10.7058
September 10.7485 10.6454 10.6905
October 10.7737 10.6802 10.7052
November 10.7607 10.6298 10.6887
December 10.7553 10.6099 10.6585