2016 NGN to MKD Historical Review

YEARLY HIGH

0.2870 MKD

YEARLY LOW

0.1562 MKD

YEARLY AVERAGE

0.2268 MKD

2016 NGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.2870. Conversely, the yearly low was recorded on August 22, dropping to 0.1562.

This high-to-low spread represents a total annual volatility of 0.1308 MKD. From a start-to-finish perspective, comparing the January average rate of 0.2847 to the December average rate of 0.1855, the exchange rate registered a net change of -34.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.2870 was down 2.36% compared to the 2015 peak of 0.2939, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 286,997 MKD

2015 Average 280,176 MKD

Yearly Trough Low 156,198 MKD

Transaction Impact: A difference of 130,798.39 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.2961

0.1592

JanuMarcMayJulySeptNove

NGN to MKD 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 0.2733, compared to 0.1803 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0930 points.

H1 Avg (Jan–Jun) 0.2733

H2 Avg (Jul–Dec) 0.1803

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0864 MKD (High: 0.2775 / Low: 0.1911). On the other end, September was the most stable month, with a tight range of 0.0027 MKD (High: 0.1770 / Low: 0.1742).

June Spread (Volatile) ±0.0864

September Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between August and December, 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 June and July, when the average rate fell by 0.0601 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0601

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.2847) against the same month in 2015 (average: 0.2828), the exchange rate shifted by +0.0018 (+0.65%).

2016 Avg (January) 0.2847

2015 Avg (January) 0.2828

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2870	0.2833	0.2847
February	0.2842	0.2737	0.2788
March	0.2848	0.2725	0.2780
April	0.2756	0.2711	0.2735
May	0.2783	0.2697	0.2742
June	0.2775	0.1911	0.2504
July	0.1974	0.1723	0.1903
August	0.1767	0.1562	0.1706
September	0.1770	0.1742	0.1755
October	0.1803	0.1744	0.1781
November	0.1857	0.1762	0.1817
December	0.1912	0.1816	0.1855