YEARLY HIGH
0.0765 MKD
YEARLY LOW
0.0676 MKD
YEARLY AVERAGE
0.0714 MKD

2016 RWF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the RWF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0765. Conversely, the yearly low was recorded on October 3, dropping to 0.0676.

This high-to-low spread represents a total annual volatility of 0.0089 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0757 to the December average rate of 0.0708, the exchange rate registered a net change of -6.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0765 was down 8.99% compared to the 2015 peak of 0.0840, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 382 MKD
2015 Average 389 MKD
Yearly Trough Low 338 MKD
Transaction Impact: A difference of 44.26 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0764
0.0679
JanuMarcMayJulySeptNove

RWF 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 0.0729, compared to 0.0699 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.0729
H2 Avg (Jul–Dec) 0.0699

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0067 MKD (High: 0.0750 / Low: 0.0683). On the other end, September was the most stable month, with a tight range of 0.0011 MKD (High: 0.0691 / Low: 0.0680).

June Spread (Volatile) ±0.0067
September Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between April and July, 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 July and August, when the average rate fell by 0.0028 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.0757) against the same month in 2015 (average: 0.0761), the exchange rate shifted by -0.0004 (-0.56%).

2016 Avg (January) 0.0757
2015 Avg (January) 0.0761

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0765 0.0751 0.0757
February 0.0756 0.0722 0.0736
March 0.0742 0.0713 0.0730
April 0.0728 0.0703 0.0715
May 0.0742 0.0703 0.0717
June 0.0750 0.0683 0.0719
July 0.0739 0.0705 0.0721
August 0.0705 0.0679 0.0693
September 0.0691 0.0680 0.0686
October 0.0705 0.0676 0.0691
November 0.0713 0.0678 0.0698
December 0.0720 0.0699 0.0708