2016 TND to MKD Historical Review

YEARLY HIGH

27.8829 MKD

YEARLY LOW

24.8310 MKD

YEARLY AVERAGE

25.9845 MKD

2016 TND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 27.8829. Conversely, the yearly low was recorded on October 9, dropping to 24.8310.

This high-to-low spread represents a total annual volatility of 3.0519 MKD. From a start-to-finish perspective, comparing the January average rate of 27.7406 to the December average rate of 25.2746, the exchange rate registered a net change of -8.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 27.8829 was down 5.89% compared to the 2015 peak of 29.6287, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 139,415 MKD

2015 Average 141,307 MKD

Yearly Trough Low 124,155 MKD

Transaction Impact: A difference of 15,259.45 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

28.0218

24.6475

JanuMarcMayJulySeptNove

TND 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 26.9221, compared to 25.0469 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8752 points.

H1 Avg (Jan–Jun) 26.9221

H2 Avg (Jul–Dec) 25.0469

Volatility Range Comparison

Volatility

The most volatile month in 2016 was May, with a trading range of 1.1790 MKD (High: 27.4037 / Low: 26.2246). On the other end, September was the most stable month, with a tight range of 0.1360 MKD (High: 25.0038 / Low: 24.8677).

May Spread (Volatile) ±1.1790

September Spread (Stable) ±0.1360

Growth Streaks & Declines

Trends

Between September and December, 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 May and June, when the average rate fell by 1.2238 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2238

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 27.7406) against the same month in 2015 (average: 27.5489), the exchange rate shifted by +0.1918 (+0.70%).

2016 Avg (January) 27.7406

2015 Avg (January) 27.5489

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.8829	27.6257	27.7406
February	27.7088	27.2233	27.4215
March	27.6316	26.9005	27.3171
April	27.3792	26.7671	27.0406
May	27.4037	26.2246	26.6183
June	26.0333	25.1458	25.3945
July	25.2648	24.9015	25.1174
August	25.1066	24.8320	24.9499
September	25.0038	24.8677	24.9287
October	25.0119	24.8310	24.9350
November	25.2811	24.8356	25.0757
December	25.5434	24.9259	25.2746