2017 VEF to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 VEF to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the VEF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 5.9236. Conversely, the yearly low was recorded on November 2, dropping to 4.8083.
This high-to-low spread represents a total annual volatility of 1.1153 MKD. From a start-to-finish perspective, comparing the January average rate of 5.7950 to the December average rate of 5.0497, the exchange rate registered a net change of -12.86% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 5.9236 was down 34.49% compared to the 2016 peak of 9.0429, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 VEF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
VEF to MKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 5.6808, compared to 5.1459 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5350 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 0.5078 MKD (High: 5.3161 / Low: 4.8083). On the other end, February was the most stable month, with a tight range of 0.1270 MKD (High: 5.8473 / Low: 5.7204).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1915 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 5.7950) against the same month in 2016 (average: 8.9668), the exchange rate shifted by -3.1717 (-35.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.9236 | 5.7024 | 5.7950 |
| February | 5.8473 | 5.7204 | 5.7953 |
| March | 5.8693 | 5.7010 | 5.7751 |
| April | 5.8227 | 5.5530 | 5.7195 |
| May | 5.6426 | 5.3911 | 5.5281 |
| June | 5.5336 | 5.3291 | 5.4719 |
| July | 5.4090 | 5.1519 | 5.2924 |
| August | 5.2404 | 5.0415 | 5.1430 |
| September | 5.2335 | 5.0477 | 5.1331 |
| October | 5.3127 | 4.9886 | 5.1843 |
| November | 5.3161 | 4.8083 | 5.0727 |
| December | 5.2476 | 4.8215 | 5.0497 |