YEARLY HIGH
0.1649 MKD
YEARLY LOW
0.1398 MKD
YEARLY AVERAGE
0.1518 MKD

2017 MRO to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MRO to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.1649. Conversely, the yearly low was recorded on September 10, dropping to 0.1398.

This high-to-low spread represents a total annual volatility of 0.0250 MKD. From a start-to-finish perspective, comparing the January average rate of 0.1614 to the December average rate of 0.1463, the exchange rate registered a net change of -9.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.1649 was down 10.90% compared to the 2016 peak of 0.1850, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 824 MKD
2016 Average 793 MKD
Yearly Trough Low 699 MKD
Transaction Impact: A difference of 125.10 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.1634
0.1395
JanuMarcMayJulySeptNove

MRO 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 0.1583, compared to 0.1453 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0130 points.

H1 Avg (Jan–Jun) 0.1583
H2 Avg (Jul–Dec) 0.1453

Volatility Range Comparison

Volatility

The most volatile month in 2017 was October, with a trading range of 0.0069 MKD (High: 0.1491 / Low: 0.1422). On the other end, December was the most stable month, with a tight range of 0.0032 MKD (High: 0.1477 / Low: 0.1445).

October Spread (Volatile) ±0.0069
December Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between September and November, 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 0.0050 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 0.1614) against the same month in 2016 (average: 0.1696), the exchange rate shifted by -0.0082 (-4.84%).

2017 Avg (January) 0.1614
2016 Avg (January) 0.1696

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1649 0.1595 0.1614
February 0.1633 0.1589 0.1612
March 0.1636 0.1579 0.1606
April 0.1613 0.1564 0.1597
May 0.1574 0.1521 0.1547
June 0.1533 0.1500 0.1524
July 0.1512 0.1447 0.1478
August 0.1447 0.1409 0.1436
September 0.1438 0.1398 0.1415
October 0.1491 0.1422 0.1451
November 0.1497 0.1452 0.1478
December 0.1477 0.1445 0.1463