YEARLY HIGH
0.0892 MKD
YEARLY LOW
0.0764 MKD
YEARLY AVERAGE
0.0823 MKD

2016 CLP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the CLP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.0892. Conversely, the yearly low was recorded on February 11, dropping to 0.0764.

This high-to-low spread represents a total annual volatility of 0.0128 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0786 to the December average rate of 0.0875, the exchange rate registered a net change of 11.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0892 was down 5.05% compared to the 2015 peak of 0.0939, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 CLP based on timing:

Yearly Peak High 89,199 MKD
2015 Average 84,967 MKD
Yearly Trough Low 76,368 MKD
Transaction Impact: A difference of 12,831.68 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0884
0.0777
JanuMarcMayJulySeptNove

CLP 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 0.0801, compared to 0.0845 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 0.0801
H2 Avg (Jul–Dec) 0.0845

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0050 MKD (High: 0.0814 / Low: 0.0764). On the other end, November was the most stable month, with a tight range of 0.0016 MKD (High: 0.0860 / Low: 0.0844).

February Spread (Volatile) ±0.0050
November Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between 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 July and August, when the average rate fell by 0.0013 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.0875) against the same month in 2015 (average: 0.0802), the exchange rate shifted by +0.0073 (+9.12%).

2016 Avg (December) 0.0875
2015 Avg (December) 0.0802

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0800 0.0770 0.0786
February 0.0814 0.0764 0.0789
March 0.0824 0.0805 0.0814
April 0.0830 0.0791 0.0813
May 0.0829 0.0790 0.0801
June 0.0834 0.0793 0.0805
July 0.0860 0.0835 0.0845
August 0.0854 0.0811 0.0833
September 0.0832 0.0810 0.0821
October 0.0866 0.0822 0.0840
November 0.0860 0.0844 0.0854
December 0.0892 0.0857 0.0875