YEARLY HIGH
8.5868 MKD
YEARLY LOW
7.7651 MKD
YEARLY AVERAGE
8.0670 MKD

2016 BOB to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BOB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 8.5868. Conversely, the yearly low was recorded on May 4, dropping to 7.7651.

This high-to-low spread represents a total annual volatility of 0.8217 MKD. From a start-to-finish perspective, comparing the January average rate of 8.2038 to the December average rate of 8.4360, the exchange rate registered a net change of 2.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 8.5868 was up 1.04% compared to the 2015 peak of 8.4981, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 42,934 MKD
2015 Average 40,141 MKD
Yearly Trough Low 38,825 MKD
Transaction Impact: A difference of 4,108.67 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

8.4881
7.8627
JanuMarcMayJulySeptNove

BOB 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 8.0201, compared to 8.1139 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0938 points.

H1 Avg (Jan–Jun) 8.0201
H2 Avg (Jul–Dec) 8.1139

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.4230 MKD (High: 8.4239 / Low: 8.0009). On the other end, September was the most stable month, with a tight range of 0.0620 MKD (High: 7.9746 / Low: 7.9126).

November Spread (Volatile) ±0.4230
September Spread (Stable) ±0.0620

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 March and April, when the average rate fell by 0.1757 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.1757

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 8.4360) against the same month in 2015 (average: 8.1774), the exchange rate shifted by +0.2586 (+3.16%).

2016 Avg (December) 8.4360
2015 Avg (December) 8.1774

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.2689 8.1628 8.2038
February 8.2405 7.8888 8.0460
March 8.2554 7.9483 8.0906
April 7.9845 7.8655 7.9148
May 8.0434 7.7651 7.9152
June 8.1052 7.8384 7.9503
July 8.1020 7.9715 8.0621
August 8.0343 7.8515 7.9414
September 7.9746 7.9126 7.9418
October 8.1782 7.9366 8.0608
November 8.4239 8.0009 8.2414
December 8.5868 8.2903 8.4360