2017 NZD to MKD Historical Review

YEARLY HIGH

42.0690 MKD

YEARLY LOW

35.3562 MKD

YEARLY AVERAGE

38.8379 MKD

2017 NZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 7, valuing the pair at 42.0690. Conversely, the yearly low was recorded on November 30, dropping to 35.3562.

This high-to-low spread represents a total annual volatility of 6.7129 MKD. From a start-to-finish perspective, comparing the January average rate of 41.2162 to the December average rate of 36.2202, the exchange rate registered a net change of -12.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 42.0690 was up 0.87% compared to the 2016 peak of 41.7052, 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 210,345 MKD

2016 Average 193,997 MKD

Yearly Trough Low 176,781 MKD

Transaction Impact: A difference of 33,564.39 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

42.3525

35.5416

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 40.3069, compared to 37.3688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.9381 points.

H1 Avg (Jan–Jun) 40.3069

H2 Avg (Jul–Dec) 37.3688

Volatility Range Comparison

Volatility

The most volatile month in 2017 was April, with a trading range of 1.8998 MKD (High: 40.6933 / Low: 38.7935). On the other end, February was the most stable month, with a tight range of 0.5629 MKD (High: 42.0690 / Low: 41.5061).

April Spread (Volatile) ±1.8998

February Spread (Stable) ±0.5629

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.4384 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.4384

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2017: 41.7849) against the same month in 2016 (average: 36.8044), the exchange rate shifted by +4.9805 (+13.53%).

2017 Avg (February) 41.7849

2016 Avg (February) 36.8044

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.9408	40.4290	41.2162
February	42.0690	41.5061	41.7849
March	41.5981	39.8876	40.3962
April	40.6933	38.7935	40.1060
May	39.2164	38.0462	38.6676
June	40.1133	38.7602	39.6705
July	39.8023	38.9504	39.3655
August	38.8059	37.1202	38.1344
September	37.9802	37.0271	37.4681
October	37.7593	35.8807	36.9156
November	36.9546	35.3562	36.1092
December	36.6641	35.4830	36.2202