2016 MKD to YER Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 MKD to YER Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MKD to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 4.6601. Conversely, the yearly low was recorded on January 5, dropping to 3.7632.
This high-to-low spread represents a total annual volatility of 0.8969 YER. From a start-to-finish perspective, comparing the January average rate of 3.7940 to the December average rate of 4.2848, the exchange rate registered a net change of 12.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 4.6601 was up 9.67% compared to the 2015 peak of 4.2494, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
MKD to YER Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.1859, compared to 4.4605 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2746 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was April, with a trading range of 0.6830 YER (High: 4.6313 / Low: 3.9483). On the other end, September was the most stable month, with a tight range of 0.0345 YER (High: 4.5703 / Low: 4.5357).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1032 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2016: 4.5759) against the same month in 2015 (average: 3.8988), the exchange rate shifted by +0.6771 (+17.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.8151 | 3.7632 | 3.7940 |
| February | 3.9477 | 3.8011 | 3.8771 |
| March | 3.9643 | 3.7941 | 3.8866 |
| April | 4.6313 | 3.9483 | 4.4209 |
| May | 4.6601 | 4.4988 | 4.5759 |
| June | 4.6265 | 4.4675 | 4.5610 |
| July | 4.5393 | 4.4619 | 4.4989 |
| August | 4.6062 | 4.4906 | 4.5511 |
| September | 4.5703 | 4.5357 | 4.5531 |
| October | 4.5700 | 4.4246 | 4.4873 |
| November | 4.5209 | 4.2966 | 4.3880 |
| December | 4.3733 | 4.2230 | 4.2848 |