2016 PEN to MKD Historical Review

YEARLY HIGH

17.5580 MKD

YEARLY LOW

15.5228 MKD

YEARLY AVERAGE

16.4942 MKD

2016 PEN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the PEN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 17.5580. Conversely, the yearly low was recorded on February 11, dropping to 15.5228.

This high-to-low spread represents a total annual volatility of 2.0352 MKD. From a start-to-finish perspective, comparing the January average rate of 16.4950 to the December average rate of 17.1910, the exchange rate registered a net change of 4.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 17.5580 was down 7.16% compared to the 2015 peak of 18.9124, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 87,790 MKD

2015 Average 87,136 MKD

Yearly Trough Low 77,614 MKD

Transaction Impact: A difference of 10,176.02 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

17.3278

15.6859

JanuMarcMayJulySeptNove

PEN 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 16.3249, compared to 16.6634 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3385 points.

H1 Avg (Jan–Jun) 16.3249

H2 Avg (Jul–Dec) 16.6634

Volatility Range Comparison

Volatility

The most volatile month in 2016 was April, with a trading range of 0.8093 MKD (High: 16.7790 / Low: 15.9697). On the other end, September was the most stable month, with a tight range of 0.2775 MKD (High: 16.3919 / Low: 16.1143).

April Spread (Volatile) ±0.8093

September Spread (Stable) ±0.2775

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.6723 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6723

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 17.1910) against the same month in 2015 (average: 16.7129), the exchange rate shifted by +0.4781 (+2.86%).

2016 Avg (December) 17.1910

2015 Avg (December) 16.7129

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.7446	16.2811	16.4950
February	16.2541	15.5228	15.8227
March	16.5088	16.0716	16.2514
April	16.7790	15.9697	16.4837
May	16.6858	16.1616	16.3896
June	16.8517	16.2601	16.5072
July	16.9831	16.4360	16.8210
August	16.7325	16.2355	16.4869
September	16.3919	16.1143	16.2570
October	16.8249	16.1432	16.4663
November	17.1260	16.3401	16.7582
December	17.5580	16.7671	17.1910