YEARLY HIGH
0.5665 MKD
YEARLY LOW
0.5511 MKD
YEARLY AVERAGE
0.5569 MKD

2017 CVE to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the CVE to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 29, valuing the pair at 0.5665. Conversely, the yearly low was recorded on January 5, dropping to 0.5511.

This high-to-low spread represents a total annual volatility of 0.0154 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5569 to the December average rate of 0.5563, the exchange rate registered a net change of -0.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.5665 was down 1.29% compared to the 2016 peak of 0.5739, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,833 MKD
2016 Average 2,792 MKD
Yearly Trough Low 2,756 MKD
Transaction Impact: A difference of 76.96 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.5579
0.5558
JanuMarcMayJulySeptNove

CVE 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 0.5569, compared to 0.5568 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.5569
H2 Avg (Jul–Dec) 0.5568

Volatility Range Comparison

Volatility

The most volatile month in 2017 was June, with a trading range of 0.0119 MKD (High: 0.5665 / Low: 0.5546). On the other end, February was the most stable month, with a tight range of 0.0025 MKD (High: 0.5583 / Low: 0.5558).

June Spread (Volatile) ±0.0119
February Spread (Stable) ±0.0025

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 October and November, when the average rate fell by 0.0014 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2017: 0.5572) against the same month in 2016 (average: 0.5578), the exchange rate shifted by -0.0006 (-0.11%).

2017 Avg (June) 0.5572
2016 Avg (June) 0.5578

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.5627 0.5511 0.5569
February 0.5583 0.5558 0.5569
March 0.5606 0.5518 0.5574
April 0.5587 0.5542 0.5567
May 0.5598 0.5538 0.5562
June 0.5665 0.5546 0.5572
July 0.5592 0.5536 0.5571
August 0.5619 0.5551 0.5577
September 0.5611 0.5538 0.5565
October 0.5646 0.5544 0.5574
November 0.5578 0.5521 0.5560
December 0.5583 0.5533 0.5563