2016 NIO to MKD Historical Review

YEARLY HIGH

2.0548 MKD

YEARLY LOW

1.8806 MKD

YEARLY AVERAGE

1.9463 MKD

2016 NIO to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NIO to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 2.0548. Conversely, the yearly low was recorded on August 18, dropping to 1.8806.

This high-to-low spread represents a total annual volatility of 0.1741 MKD. From a start-to-finish perspective, comparing the January average rate of 2.0371 to the December average rate of 1.9929, the exchange rate registered a net change of -2.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.0548 was down 6.36% compared to the 2015 peak of 2.1944, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NIO based on timing:

Yearly Peak High 10,274 MKD

2015 Average 10,235 MKD

Yearly Trough Low 9,403 MKD

Transaction Impact: A difference of 870.68 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.0511

1.8830

JanuMarcMayJulySeptNove

NIO 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 1.9567, compared to 1.9360 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0206 points.

H1 Avg (Jan–Jun) 1.9567

H2 Avg (Jul–Dec) 1.9360

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.1035 MKD (High: 2.0434 / Low: 1.9398). On the other end, September was the most stable month, with a tight range of 0.0203 MKD (High: 1.9062 / Low: 1.8859).

February Spread (Volatile) ±0.1035

September Spread (Stable) ±0.0203

Growth Streaks & Declines

Trends

Between September and December, 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 January and February, when the average rate fell by 0.0587 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0587

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 2.0371) against the same month in 2015 (average: 1.9797), the exchange rate shifted by +0.0574 (+2.90%).

2016 Avg (January) 2.0371

2015 Avg (January) 1.9797

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0548	2.0237	2.0371
February	2.0434	1.9398	1.9784
March	2.0113	1.9211	1.9587
April	1.9559	1.9154	1.9311
May	1.9446	1.8843	1.9168
June	1.9562	1.8911	1.9179
July	1.9596	1.9191	1.9439
August	1.9399	1.8806	1.9059
September	1.9062	1.8859	1.8970
October	1.9475	1.8882	1.9195
November	1.9987	1.9035	1.9568
December	2.0256	1.9594	1.9929