2017 PEN to MKD Historical Review

YEARLY HIGH

18.0085 MKD

YEARLY LOW

15.5388 MKD

YEARLY AVERAGE

16.7557 MKD

2017 PEN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the PEN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 18.0085. Conversely, the yearly low was recorded on November 2, dropping to 15.5388.

This high-to-low spread represents a total annual volatility of 2.4697 MKD. From a start-to-finish perspective, comparing the January average rate of 17.3376 to the December average rate of 16.0223, the exchange rate registered a net change of -7.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 18.0085 was up 2.57% compared to the 2016 peak of 17.5580, 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 90,042 MKD

2016 Average 82,489 MKD

Yearly Trough Low 77,694 MKD

Transaction Impact: A difference of 12,348.26 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

17.9484

15.7374

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 17.3837, compared to 16.1277 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2560 points.

H1 Avg (Jan–Jun) 17.3837

H2 Avg (Jul–Dec) 16.1277

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.8455 MKD (High: 16.3844 / Low: 15.5388). On the other end, September was the most stable month, with a tight range of 0.2571 MKD (High: 16.0379 / Low: 15.7808).

November Spread (Volatile) ±0.8455

September Spread (Stable) ±0.2571

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 0.6785 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6785

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2017: 17.7642) against the same month in 2016 (average: 15.8227), the exchange rate shifted by +1.9415 (+12.27%).

2017 Avg (February) 17.7642

2016 Avg (February) 15.8227

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.5173	17.1132	17.3376
February	18.0085	17.4936	17.7642
March	17.9198	17.5415	17.6780
April	17.8998	17.3279	17.6929
May	17.4276	16.7333	17.0145
June	16.9165	16.6470	16.8150
July	16.6604	16.1340	16.4529
August	16.2069	15.8537	16.1016
September	16.0379	15.7808	15.9217
October	16.3453	15.9270	16.1129
November	16.3844	15.5388	16.1551
December	16.2128	15.8176	16.0223