2017 PAB to MKD Historical Review

YEARLY HIGH

59.1691 MKD

YEARLY LOW

51.1659 MKD

YEARLY AVERAGE

54.6401 MKD

2017 PAB to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the PAB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 59.1691. Conversely, the yearly low was recorded on September 10, dropping to 51.1659.

This high-to-low spread represents a total annual volatility of 8.0032 MKD. From a start-to-finish perspective, comparing the January average rate of 57.8867 to the December average rate of 51.9867, the exchange rate registered a net change of -10.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 59.1691 was down 0.29% compared to the 2016 peak of 59.3395, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 295,845 MKD

2016 Average 278,273 MKD

Yearly Trough Low 255,829 MKD

Transaction Impact: A difference of 40,015.84 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

58.5350

51.0597

JanuMarcMayJulySeptNove

PAB 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 56.9278, compared to 52.3524 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.5754 points.

H1 Avg (Jan–Jun) 56.9278

H2 Avg (Jul–Dec) 52.3524

Volatility Range Comparison

Volatility

The most volatile month in 2017 was July, with a trading range of 2.0618 MKD (High: 54.3218 / Low: 52.2600). On the other end, October was the most stable month, with a tight range of 1.1459 MKD (High: 53.0479 / Low: 51.9020).

July Spread (Volatile) ±2.0618

October Spread (Stable) ±1.1459

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.8295 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.8295

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 57.8867) against the same month in 2016 (average: 56.6691), the exchange rate shifted by +1.2176 (+2.15%).

2017 Avg (January) 57.8867

2016 Avg (January) 56.6691

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	59.1691	57.2277	57.8867
February	58.4150	56.9951	57.9121
March	58.6050	56.9250	57.6831
April	58.1400	56.2465	57.5042
May	56.6600	54.7850	55.6747
June	55.2870	53.9550	54.9061
July	54.3218	52.2600	53.4255
August	52.5507	51.3580	52.1882
September	52.4480	51.1659	51.6827
October	53.0479	51.9020	52.3961
November	53.1210	51.6031	52.4354
December	52.4400	51.2570	51.9867