2017 MKD to ZAR Historical Review

YEARLY HIGH

0.2757 ZAR

YEARLY LOW

0.2175 ZAR

YEARLY AVERAGE

0.2441 ZAR

2017 MKD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MKD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 0.2757. Conversely, the yearly low was recorded on March 26, dropping to 0.2175.

This high-to-low spread represents a total annual volatility of 0.0582 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.2347 to the December average rate of 0.2517, the exchange rate registered a net change of 7.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.2757 was down 7.66% compared to the 2016 peak of 0.2985, 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 1,378 ZAR

2016 Average 1,322 ZAR

Yearly Trough Low 1,087 ZAR

Transaction Impact: A difference of 291.08 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.2733

0.2196

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 0.2322, compared to 0.2560 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0238 points.

H1 Avg (Jan–Jun) 0.2322

H2 Avg (Jul–Dec) 0.2560

Volatility Range Comparison

Volatility

The most volatile month in 2017 was December, with a trading range of 0.0289 ZAR (High: 0.2659 / Low: 0.2370). On the other end, January was the most stable month, with a tight range of 0.0057 ZAR (High: 0.2368 / Low: 0.2312).

December Spread (Volatile) ±0.0289

January Spread (Stable) ±0.0057

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0170 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0170

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2017: 0.2688) against the same month in 2016 (average: 0.2453), the exchange rate shifted by +0.0235 (+9.58%).

2017 Avg (November) 0.2688

2016 Avg (November) 0.2453

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2368	0.2312	0.2347
February	0.2354	0.2213	0.2277
March	0.2335	0.2175	0.2240
April	0.2397	0.2264	0.2336
May	0.2427	0.2330	0.2381
June	0.2427	0.2300	0.2348
July	0.2521	0.2413	0.2457
August	0.2582	0.2507	0.2537
September	0.2603	0.2479	0.2546
October	0.2705	0.2547	0.2615
November	0.2757	0.2630	0.2688
December	0.2659	0.2370	0.2517