2016 SYP to MKD Historical Review

YEARLY HIGH

0.2778 MKD

YEARLY LOW

0.2444 MKD

YEARLY AVERAGE

0.2565 MKD

2016 SYP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SYP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 0.2778. Conversely, the yearly low was recorded on May 4, dropping to 0.2444.

This high-to-low spread represents a total annual volatility of 0.0334 MKD. From a start-to-finish perspective, comparing the January average rate of 0.2576 to the December average rate of 0.2734, the exchange rate registered a net change of 6.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.2778 was down 9.34% compared to the 2015 peak of 0.3065, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,389 MKD

2015 Average 1,427 MKD

Yearly Trough Low 1,222 MKD

Transaction Impact: A difference of 167.24 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.2760

0.2454

JanuMarcMayJulySeptNove

SYP 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 0.2514, compared to 0.2616 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0102 points.

H1 Avg (Jan–Jun) 0.2514

H2 Avg (Jul–Dec) 0.2616

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0144 MKD (High: 0.2723 / Low: 0.2579). On the other end, September was the most stable month, with a tight range of 0.0020 MKD (High: 0.2574 / Low: 0.2555).

November Spread (Volatile) ±0.0144

September Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0053 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.2734) against the same month in 2015 (average: 0.2559), the exchange rate shifted by +0.0176 (+6.87%).

2016 Avg (December) 0.2734

2015 Avg (December) 0.2559

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2596	0.2563	0.2576
February	0.2572	0.2478	0.2523
March	0.2578	0.2468	0.2518
April	0.2499	0.2460	0.2479
May	0.2526	0.2444	0.2488
June	0.2559	0.2467	0.2501
July	0.2597	0.2549	0.2573
August	0.2586	0.2526	0.2556
September	0.2574	0.2555	0.2564
October	0.2641	0.2557	0.2604
November	0.2723	0.2579	0.2665
December	0.2778	0.2676	0.2734