2016 NAD to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NAD to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NAD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 4.2826. Conversely, the yearly low was recorded on January 18, dropping to 3.3534.
This high-to-low spread represents a total annual volatility of 0.9292 MKD. From a start-to-finish perspective, comparing the January average rate of 3.4847 to the December average rate of 4.2100, the exchange rate registered a net change of 20.81% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 4.2826 was down 11.17% compared to the 2015 peak of 4.8211, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
NAD to MKD 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 3.5877, compared to 4.0081 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4205 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was May, with a trading range of 0.3676 MKD (High: 3.8563 / Low: 3.4887). On the other end, March was the most stable month, with a tight range of 0.1597 MKD (High: 3.6647 / Low: 3.5050).
Growth Streaks & Declines
TrendsBetween January and April, 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 April and May, when the average rate fell by 0.1569 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2016: 4.2100) against the same month in 2015 (average: 3.7547), the exchange rate shifted by +0.4553 (+12.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.6591 | 3.3534 | 3.4847 |
| February | 3.6619 | 3.4050 | 3.5122 |
| March | 3.6647 | 3.5050 | 3.6005 |
| April | 3.8561 | 3.5534 | 3.7262 |
| May | 3.8563 | 3.4887 | 3.5693 |
| June | 3.7522 | 3.5233 | 3.6330 |
| July | 3.9497 | 3.7547 | 3.8615 |
| August | 4.1344 | 3.7773 | 3.9947 |
| September | 4.0470 | 3.7690 | 3.9058 |
| October | 4.1361 | 3.9004 | 4.0007 |
| November | 4.1836 | 3.9580 | 4.0762 |
| December | 4.2826 | 4.1155 | 4.2100 |