2016 NOK to MKD Historical Review

YEARLY HIGH

6.8812 MKD

YEARLY LOW

6.3453 MKD

YEARLY AVERAGE

6.6270 MKD

2016 NOK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 19, valuing the pair at 6.8812. Conversely, the yearly low was recorded on January 11, dropping to 6.3453.

This high-to-low spread represents a total annual volatility of 0.5359 MKD. From a start-to-finish perspective, comparing the January average rate of 6.4325 to the December average rate of 6.8114, the exchange rate registered a net change of 5.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 6.8812 was down 6.51% compared to the 2015 peak of 7.3603, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 34,406 MKD

2015 Average 34,415 MKD

Yearly Trough Low 31,727 MKD

Transaction Impact: A difference of 2,679.33 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

6.8670

6.3930

JanuMarcMayJulySeptNove

NOK 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 6.5420, compared to 6.7121 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1701 points.

H1 Avg (Jan–Jun) 6.5420

H2 Avg (Jul–Dec) 6.7121

Volatility Range Comparison

Volatility

The most volatile month in 2016 was April, with a trading range of 0.3106 MKD (High: 6.8061 / Low: 6.4955). On the other end, November was the most stable month, with a tight range of 0.0731 MKD (High: 6.8028 / Low: 6.7296).

April Spread (Volatile) ±0.3106

November Spread (Stable) ±0.0731

Growth Streaks & Declines

Trends

Between January and May, 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 October and November, when the average rate fell by 0.0598 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0598

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 6.8275) against the same month in 2015 (average: 6.6080), the exchange rate shifted by +0.2195 (+3.32%).

2016 Avg (October) 6.8275

2015 Avg (October) 6.6080

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.5455	6.3453	6.4325
February	6.5104	6.3595	6.4451
March	6.5942	6.4807	6.5336
April	6.8061	6.4955	6.6165
May	6.8097	6.5757	6.6277
June	6.6708	6.5229	6.5965
July	6.6473	6.4953	6.5635
August	6.7124	6.4925	6.6152
September	6.8489	6.6063	6.6869
October	6.8812	6.7835	6.8275
November	6.8028	6.7296	6.7677
December	6.8666	6.7607	6.8114