2017 SRD to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 SRD to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the SRD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 7.9535. Conversely, the yearly low was recorded on December 30, dropping to 6.8728.
This high-to-low spread represents a total annual volatility of 1.0808 MKD. From a start-to-finish perspective, comparing the January average rate of 7.7508 to the December average rate of 6.9736, the exchange rate registered a net change of -10.03% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 7.9535 was down 44.44% compared to the 2016 peak of 14.3156, 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 2017.
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 7.5645, compared to 7.0269 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5376 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was January, with a trading range of 0.3638 MKD (High: 7.9535 / Low: 7.5897). On the other end, October was the most stable month, with a tight range of 0.1539 MKD (High: 7.1224 / Low: 6.9686).
Growth Streaks & Declines
TrendsBetween 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 0.2340 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 7.7508) against the same month in 2016 (average: 14.1939), the exchange rate shifted by -6.4431 (-45.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.9535 | 7.5897 | 7.7508 |
| February | 7.7438 | 7.5869 | 7.6804 |
| March | 7.7689 | 7.5397 | 7.6450 |
| April | 7.7224 | 7.4528 | 7.6204 |
| May | 7.5171 | 7.2726 | 7.3864 |
| June | 7.3544 | 7.1964 | 7.3038 |
| July | 7.2453 | 7.0072 | 7.1460 |
| August | 7.0652 | 6.9048 | 7.0158 |
| September | 7.0514 | 6.8790 | 6.9485 |
| October | 7.1224 | 6.9686 | 7.0374 |
| November | 7.1323 | 6.9285 | 7.0402 |
| December | 7.0314 | 6.8728 | 6.9736 |