YEARLY HIGH
0.4875 UAH
YEARLY LOW
0.4102 UAH
YEARLY AVERAGE
0.4594 UAH

2016 MKD to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MKD to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.4875. Conversely, the yearly low was recorded on January 12, dropping to 0.4102.

This high-to-low spread represents a total annual volatility of 0.0773 UAH. From a start-to-finish perspective, comparing the January average rate of 0.4291 to the December average rate of 0.4501, the exchange rate registered a net change of 4.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.4875 was down 7.34% compared to the 2015 peak of 0.5261, 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 2,437 UAH
2015 Average 1,967 UAH
Yearly Trough Low 2,051 UAH
Transaction Impact: A difference of 386.26 UAH purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.4827
0.4242
JanuMarcMayJulySeptNove

MKD to UAH 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 0.4613, compared to 0.4575 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.4613
H2 Avg (Jul–Dec) 0.4575

Volatility Range Comparison

Volatility

The most volatile month in 2016 was January, with a trading range of 0.0418 UAH (High: 0.4521 / Low: 0.4102). On the other end, July was the most stable month, with a tight range of 0.0076 UAH (High: 0.4502 / Low: 0.4426).

January Spread (Volatile) ±0.0418
July Spread (Stable) ±0.0076

Growth Streaks & Declines

Trends

Between July and September, 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 September and October, when the average rate fell by 0.0163 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0163

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 0.4773) against the same month in 2015 (average: 0.4506), the exchange rate shifted by +0.0267 (+5.93%).

2016 Avg (February) 0.4773
2015 Avg (February) 0.4506

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.4521 0.4102 0.4291
February 0.4875 0.4523 0.4773
March 0.4867 0.4582 0.4744
April 0.4817 0.4587 0.4696
May 0.4696 0.4540 0.4621
June 0.4614 0.4454 0.4553
July 0.4502 0.4426 0.4467
August 0.4733 0.4464 0.4576
September 0.4869 0.4680 0.4778
October 0.4731 0.4531 0.4615
November 0.4623 0.4400 0.4514
December 0.4657 0.4430 0.4501