2016 ETB to MKD Historical Review

YEARLY HIGH

2.6952 MKD

YEARLY LOW

2.4601 MKD

YEARLY AVERAGE

2.5490 MKD

2016 ETB to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the ETB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 2.6952. Conversely, the yearly low was recorded on August 23, dropping to 2.4601.

This high-to-low spread represents a total annual volatility of 0.2351 MKD. From a start-to-finish perspective, comparing the January average rate of 2.6674 to the December average rate of 2.6072, the exchange rate registered a net change of -2.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.6952 was down 6.29% compared to the 2015 peak of 2.8762, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,476 MKD

2015 Average 13,400 MKD

Yearly Trough Low 12,301 MKD

Transaction Impact: A difference of 1,175.45 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.6856

2.4668

JanuMarcMayJulySeptNove

ETB 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 2.5682, compared to 2.5298 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0384 points.

H1 Avg (Jan–Jun) 2.5682

H2 Avg (Jul–Dec) 2.5298

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 0.1300 MKD (High: 2.6513 / Low: 2.5214). On the other end, September was the most stable month, with a tight range of 0.0263 MKD (High: 2.4977 / Low: 2.4714).

March Spread (Volatile) ±0.1300

September Spread (Stable) ±0.0263

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 January and February, when the average rate fell by 0.0656 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0656

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 2.6674) against the same month in 2015 (average: 2.5980), the exchange rate shifted by +0.0694 (+2.67%).

2016 Avg (January) 2.6674

2015 Avg (January) 2.5980

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6952	2.6510	2.6674
February	2.6546	2.5611	2.6018
March	2.6513	2.5214	2.5867
April	2.5420	2.5046	2.5249
May	2.5414	2.4861	2.5173
June	2.5555	2.4823	2.5110
July	2.5434	2.5002	2.5315
August	2.5229	2.4601	2.4900
September	2.4977	2.4714	2.4851
October	2.5529	2.4669	2.5109
November	2.6070	2.4779	2.5540
December	2.6645	2.5611	2.6072

2016 ETB నుండి MKD చారిత్రక సమీక్ష