YEARLY HIGH
0.0064 MKD
YEARLY LOW
0.0057 MKD
YEARLY AVERAGE
0.0060 MKD

2017 GNF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the GNF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 0.0064. Conversely, the yearly low was recorded on December 30, dropping to 0.0057.

This high-to-low spread represents a total annual volatility of 0.0007 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0062 to the December average rate of 0.0058, the exchange rate registered a net change of -6.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0064 was down 15.60% compared to the 2016 peak of 0.0075, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 32 MKD
2016 Average 34 MKD
Yearly Trough Low 28 MKD
Transaction Impact: A difference of 3.38 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0062
0.0057
JanuMarcMayJulySeptNove

GNF 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 0.0061, compared to 0.0058 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0061
H2 Avg (Jul–Dec) 0.0058

Volatility Range Comparison

Volatility

The most volatile month in 2017 was April, with a trading range of 0.0003 MKD (High: 0.0064 / Low: 0.0060). On the other end, October was the most stable month, with a tight range of 0.0001 MKD (High: 0.0059 / Low: 0.0058).

April Spread (Volatile) ±0.0003
October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2017: 0.0062) against the same month in 2016 (average: 0.0072), the exchange rate shifted by -0.0010 (-13.59%).

2017 Avg (April) 0.0062
2016 Avg (April) 0.0072

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0063 0.0061 0.0062
February 0.0063 0.0061 0.0062
March 0.0063 0.0061 0.0062
April 0.0064 0.0060 0.0062
May 0.0062 0.0060 0.0061
June 0.0061 0.0060 0.0061
July 0.0060 0.0058 0.0059
August 0.0059 0.0057 0.0058
September 0.0059 0.0057 0.0058
October 0.0059 0.0058 0.0058
November 0.0059 0.0057 0.0058
December 0.0058 0.0057 0.0058