YEARLY HIGH
8.5377 MKD
YEARLY LOW
7.3147 MKD
YEARLY AVERAGE
7.8762 MKD

2017 BOB to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the BOB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 8.5377. Conversely, the yearly low was recorded on September 10, dropping to 7.3147.

This high-to-low spread represents a total annual volatility of 1.2230 MKD. From a start-to-finish perspective, comparing the January average rate of 8.3647 to the December average rate of 7.5201, the exchange rate registered a net change of -10.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 8.5377 was down 0.57% compared to the 2016 peak of 8.5868, 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 42,688 MKD
2016 Average 40,339 MKD
Yearly Trough Low 36,573 MKD
Transaction Impact: A difference of 6,114.81 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

8.4610
7.3063
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 8.2132, compared to 7.5392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6741 points.

H1 Avg (Jan–Jun) 8.2132
H2 Avg (Jul–Dec) 7.5392

Volatility Range Comparison

Volatility

The most volatile month in 2017 was July, with a trading range of 0.2972 MKD (High: 7.8352 / Low: 7.5381). On the other end, June was the most stable month, with a tight range of 0.1758 MKD (High: 7.9539 / Low: 7.7781).

July Spread (Volatile) ±0.2972
June Spread (Stable) ±0.1758

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.2732 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.2732

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 8.3647) against the same month in 2016 (average: 8.2038), the exchange rate shifted by +0.1610 (+1.96%).

2017 Avg (January) 8.3647
2016 Avg (January) 8.2038

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.5377 8.2574 8.3647
February 8.4618 8.2248 8.3641
March 8.4822 8.2073 8.3313
April 8.3861 8.0987 8.2906
May 8.1514 7.8832 8.0173
June 7.9539 7.7781 7.9114
July 7.8352 7.5381 7.6856
August 7.5765 7.3206 7.4971
September 7.5448 7.3147 7.4026
October 7.6526 7.4657 7.5767
November 7.6766 7.4041 7.5528
December 7.5926 7.4018 7.5201