2016 NZD to MKD Historical Review

YEARLY HIGH

41.7052 MKD

YEARLY LOW

36.1241 MKD

YEARLY AVERAGE

38.7933 MKD

2016 NZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 41.7052. Conversely, the yearly low was recorded on January 19, dropping to 36.1241.

This high-to-low spread represents a total annual volatility of 5.5811 MKD. From a start-to-finish perspective, comparing the January average rate of 37.0945 to the December average rate of 41.0151, the exchange rate registered a net change of 10.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 41.7052 was down 5.29% compared to the 2015 peak of 44.0347, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 208,526 MKD

2015 Average 193,984 MKD

Yearly Trough Low 180,621 MKD

Transaction Impact: A difference of 27,905.40 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

41.4361

36.3833

JanuMarcMayJulySeptNove

NZD 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 37.3992, compared to 40.1874 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.7882 points.

H1 Avg (Jan–Jun) 37.3992

H2 Avg (Jul–Dec) 40.1874

Volatility Range Comparison

Volatility

The most volatile month in 2016 was January, with a trading range of 2.6330 MKD (High: 38.7572 / Low: 36.1241). On the other end, August was the most stable month, with a tight range of 0.7490 MKD (High: 40.1795 / Low: 39.4305).

January Spread (Volatile) ±2.6330

August Spread (Stable) ±0.7490

Growth Streaks & Declines

Trends

Between May and September, 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 April and May, when the average rate fell by 0.4041 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.4041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 41.0151) against the same month in 2015 (average: 38.1330), the exchange rate shifted by +2.8821 (+7.56%).

2016 Avg (December) 41.0151

2015 Avg (December) 38.1330

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.7572	36.1241	37.0945
February	37.5929	36.2451	36.8044
March	38.2406	36.6302	37.3268
April	38.2990	36.6993	37.4977
May	38.4114	36.6150	37.0935
June	39.5469	37.5036	38.5781
July	40.6813	38.9018	39.6789
August	40.1795	39.4305	39.6920
September	40.9305	39.6875	40.1245
October	40.5205	39.2493	39.9091
November	41.2993	40.1952	40.7048
December	41.7052	40.4735	41.0151