2016 SRD to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 SRD to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the SRD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 14.3156. Conversely, the yearly low was recorded on September 22, dropping to 7.0679.
This high-to-low spread represents a total annual volatility of 7.2477 MKD. From a start-to-finish perspective, comparing the January average rate of 14.1939 to the December average rate of 7.9285, the exchange rate registered a net change of -44.14% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 14.3156 was down 19.96% compared to the 2015 peak of 17.8860, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
SRD to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 11.5874, compared to 7.7352 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.8522 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was May, with a trading range of 1.3189 MKD (High: 9.8358 / Low: 8.5169). On the other end, July was the most stable month, with a tight range of 0.1806 MKD (High: 7.9418 / Low: 7.7612).
Growth Streaks & Declines
TrendsBetween 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 March and April, when the average rate fell by 3.6199 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2016: 14.1939) against the same month in 2015 (average: 15.9520), the exchange rate shifted by -1.7581 (-11.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 14.3156 | 14.1188 | 14.1939 |
| February | 14.1651 | 13.6407 | 13.8934 |
| March | 14.1946 | 13.6368 | 13.8642 |
| April | 10.7658 | 9.5021 | 10.2443 |
| May | 9.8358 | 8.5169 | 9.3926 |
| June | 8.5785 | 7.7238 | 7.9358 |
| July | 7.9418 | 7.7612 | 7.8702 |
| August | 7.8119 | 7.4862 | 7.6459 |
| September | 7.6757 | 7.0679 | 7.3298 |
| October | 8.2475 | 7.1763 | 7.7311 |
| November | 8.0340 | 7.7540 | 7.9056 |
| December | 8.0206 | 7.8075 | 7.9285 |