2016 MKD to ZAR Historical Review

YEARLY HIGH

0.2985 ZAR

YEARLY LOW

0.2333 ZAR

YEARLY AVERAGE

0.2644 ZAR

2016 MKD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 0.2985. Conversely, the yearly low was recorded on December 29, dropping to 0.2333.

This high-to-low spread represents a total annual volatility of 0.0653 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.2873 to the December average rate of 0.2375, the exchange rate registered a net change of -17.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.2985 was up 5.31% compared to the 2015 peak of 0.2835, 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 1,493 ZAR

2015 Average 1,152 ZAR

Yearly Trough Low 1,166 ZAR

Transaction Impact: A difference of 326.38 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.2923

0.2325

JanuMarcMayJulySeptNove

MKD to ZAR 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 0.2790, compared to 0.2498 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0292 points.

H1 Avg (Jan–Jun) 0.2790

H2 Avg (Jul–Dec) 0.2498

Volatility Range Comparison

Volatility

The most volatile month in 2016 was May, with a trading range of 0.0273 ZAR (High: 0.2868 / Low: 0.2595). On the other end, December was the most stable month, with a tight range of 0.0105 ZAR (High: 0.2437 / Low: 0.2333).

May Spread (Volatile) ±0.0273

December Spread (Stable) ±0.0105

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0163 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0163

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.2873) against the same month in 2015 (average: 0.2199), the exchange rate shifted by +0.0674 (+30.64%).

2016 Avg (January) 0.2873

2015 Avg (January) 0.2199

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2985	0.2733	0.2873
February	0.2937	0.2732	0.2849
March	0.2855	0.2723	0.2776
April	0.2814	0.2593	0.2685
May	0.2868	0.2595	0.2804
June	0.2839	0.2664	0.2754
July	0.2662	0.2524	0.2591
August	0.2657	0.2420	0.2507
September	0.2649	0.2465	0.2564
October	0.2569	0.2415	0.2499
November	0.2526	0.2381	0.2453
December	0.2437	0.2333	0.2375