2017 NGN to MKD Historical Review

YEARLY HIGH

0.1916 MKD

YEARLY LOW

0.1415 MKD

YEARLY AVERAGE

0.1649 MKD

2017 NGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.1916. Conversely, the yearly low was recorded on September 10, dropping to 0.1415.

This high-to-low spread represents a total annual volatility of 0.0501 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1849 to the December average rate of 0.1445, the exchange rate registered a net change of -21.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.1916 was down 33.23% compared to the 2016 peak of 0.2870, 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 191,618 MKD

2016 Average 226,551 MKD

Yearly Trough Low 141,546 MKD

Transaction Impact: A difference of 50,071.97 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.1890

0.1400

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 0.1805, compared to 0.1493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0312 points.

H1 Avg (Jan–Jun) 0.1805

H2 Avg (Jul–Dec) 0.1493

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0239 MKD (High: 0.1656 / Low: 0.1417). On the other end, December was the most stable month, with a tight range of 0.0030 MKD (High: 0.1457 / Low: 0.1427).

August Spread (Volatile) ±0.0239

December Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0224 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0224

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.1849) against the same month in 2016 (average: 0.2847), the exchange rate shifted by -0.0998 (-35.05%).

2017 Avg (January) 0.1849

2016 Avg (January) 0.2847

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1916	0.1808	0.1849
February	0.1870	0.1803	0.1836
March	0.1876	0.1802	0.1838
April	0.1889	0.1785	0.1826
May	0.1796	0.1687	0.1756
June	0.1752	0.1564	0.1726
July	0.1755	0.1525	0.1689
August	0.1656	0.1417	0.1464
September	0.1468	0.1415	0.1441
October	0.1478	0.1443	0.1459
November	0.1489	0.1433	0.1459
December	0.1457	0.1427	0.1445