2017 SAR to MKD Historical Review

YEARLY HIGH

15.7558 MKD

YEARLY LOW

13.6435 MKD

YEARLY AVERAGE

14.5685 MKD

2017 SAR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the SAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 15.7558. Conversely, the yearly low was recorded on September 10, dropping to 13.6435.

This high-to-low spread represents a total annual volatility of 2.1123 MKD. From a start-to-finish perspective, comparing the January average rate of 15.4320 to the December average rate of 13.8629, the exchange rate registered a net change of -10.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 15.7558 was down 0.27% compared to the 2016 peak of 15.7989, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 78,779 MKD

2016 Average 74,192 MKD

Yearly Trough Low 68,218 MKD

Transaction Impact: A difference of 10,561.62 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

15.5989

13.6160

JanuMarcMayJulySeptNove

SAR 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 15.1771, compared to 13.9599 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2172 points.

H1 Avg (Jan–Jun) 15.1771

H2 Avg (Jul–Dec) 13.9599

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.5600 MKD (High: 15.7558 / Low: 15.1958). On the other end, October was the most stable month, with a tight range of 0.3054 MKD (High: 14.1457 / Low: 13.8403).

January Spread (Volatile) ±0.5600

October Spread (Stable) ±0.3054

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 0.4852 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4852

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 15.4320) against the same month in 2016 (average: 15.1025), the exchange rate shifted by +0.3295 (+2.18%).

2017 Avg (January) 15.4320

2016 Avg (January) 15.1025

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.7558	15.1958	15.4320
February	15.5755	15.2294	15.4337
March	15.6287	15.1808	15.3813
April	15.5004	14.9989	15.3302
May	15.1073	14.6072	14.8450
June	14.7424	14.3868	14.6402
July	14.4858	13.9349	14.2460
August	14.0141	13.6947	13.9162
September	13.9837	13.6435	13.7812
October	14.1457	13.8403	13.9713
November	14.1643	13.7597	13.9818
December	13.9834	13.6678	13.8629