YEARLY HIGH
6.6041 MRO
YEARLY LOW
5.4048 MRO
YEARLY AVERAGE
6.3098 MRO

2016 MKD to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 6.6041. Conversely, the yearly low was recorded on January 6, dropping to 5.4048.

This high-to-low spread represents a total annual volatility of 1.1993 MRO. From a start-to-finish perspective, comparing the January average rate of 5.9052 to the December average rate of 6.1340, the exchange rate registered a net change of 3.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 6.6041 was up 10.70% compared to the 2015 peak of 5.9656, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33,020 MRO
2015 Average 27,910 MRO
Yearly Trough Low 27,024 MRO
Transaction Impact: A difference of 5,996.53 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

6.5575
5.8459
JanuMarcMayJulySeptNove

MKD to MRO 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 6.2626, compared to 6.3569 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0943 points.

H1 Avg (Jan–Jun) 6.2626
H2 Avg (Jul–Dec) 6.3569

Volatility Range Comparison

Volatility

The most volatile month in 2016 was January, with a trading range of 0.6984 MRO (High: 6.1032 / Low: 5.4048). On the other end, September was the most stable month, with a tight range of 0.0546 MRO (High: 6.5036 / Low: 6.4490).

January Spread (Volatile) ±0.6984
September Spread (Stable) ±0.0546

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1409 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.1409

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 6.4982) against the same month in 2015 (average: 5.8351), the exchange rate shifted by +0.6631 (+11.36%).

2016 Avg (June) 6.4982
2015 Avg (June) 5.8351

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6.1032 5.4048 5.9052
February 6.2801 6.0208 6.1643
March 6.3293 6.0666 6.2138
April 6.4091 6.2833 6.3503
May 6.5429 6.2733 6.4437
June 6.6041 6.3808 6.4982
July 6.4341 6.3336 6.3881
August 6.5499 6.3899 6.4692
September 6.5036 6.4490 6.4781
October 6.5002 6.3242 6.3972
November 6.4616 6.1445 6.2749
December 6.2514 6.0480 6.1340