2016 NPR to MKD Historical Review

YEARLY HIGH

0.5451 MKD

YEARLY LOW

0.4989 MKD

YEARLY AVERAGE

0.5178 MKD

2016 NPR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NPR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 0.5451. Conversely, the yearly low was recorded on February 11, dropping to 0.4989.

This high-to-low spread represents a total annual volatility of 0.0462 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5265 to the December average rate of 0.5378, the exchange rate registered a net change of 2.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.5451 was down 6.44% compared to the 2015 peak of 0.5826, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,725 MKD

2015 Average 2,702 MKD

Yearly Trough Low 2,495 MKD

Transaction Impact: A difference of 230.79 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.5408

0.5051

JanuMarcMayJulySeptNove

NPR 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 0.5136, compared to 0.5220 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.5136

H2 Avg (Jul–Dec) 0.5220

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0221 MKD (High: 0.5210 / Low: 0.4989). On the other end, September was the most stable month, with a tight range of 0.0060 MKD (High: 0.5171 / Low: 0.5111).

February Spread (Volatile) ±0.0221

September Spread (Stable) ±0.0060

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 January and February, when the average rate fell by 0.0184 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0184

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.5378) against the same month in 2015 (average: 0.5315), the exchange rate shifted by +0.0063 (+1.18%).

2016 Avg (December) 0.5378

2015 Avg (December) 0.5315

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5353	0.5173	0.5265
February	0.5210	0.4989	0.5081
March	0.5232	0.5110	0.5166
April	0.5169	0.5074	0.5118
May	0.5165	0.5040	0.5100
June	0.5138	0.5015	0.5087
July	0.5213	0.5126	0.5170
August	0.5205	0.5065	0.5133
September	0.5171	0.5111	0.5144
October	0.5286	0.5144	0.5224
November	0.5325	0.5185	0.5273
December	0.5451	0.5259	0.5378