2016 VUV to MKD Historical Review

YEARLY HIGH

0.5494 MKD

YEARLY LOW

0.4799 MKD

YEARLY AVERAGE

0.5115 MKD

2016 VUV to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the VUV to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 0.5494. Conversely, the yearly low was recorded on February 11, dropping to 0.4799.

This high-to-low spread represents a total annual volatility of 0.0696 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5018 to the December average rate of 0.5397, the exchange rate registered a net change of 7.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.5494 was down 0.48% compared to the 2015 peak of 0.5521, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,747 MKD

2015 Average 2,565 MKD

Yearly Trough Low 2,399 MKD

Transaction Impact: A difference of 347.75 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.5446

0.4862

JanuMarcMayJulySeptNove

VUV 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 0.4989, compared to 0.5241 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0253 points.

H1 Avg (Jan–Jun) 0.4989

H2 Avg (Jul–Dec) 0.5241

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0286 MKD (High: 0.5139 / Low: 0.4853). On the other end, September was the most stable month, with a tight range of 0.0081 MKD (High: 0.5206 / Low: 0.5125).

June Spread (Volatile) ±0.0286

September Spread (Stable) ±0.0081

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0107 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0107

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.5397) against the same month in 2015 (average: 0.5051), the exchange rate shifted by +0.0347 (+6.86%).

2016 Avg (December) 0.5397

2015 Avg (December) 0.5051

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5122	0.4937	0.5018
February	0.5036	0.4799	0.4910
March	0.5091	0.4939	0.5024
April	0.5103	0.4957	0.5042
May	0.5070	0.4872	0.4972
June	0.5139	0.4853	0.4965
July	0.5221	0.5096	0.5170
August	0.5222	0.5063	0.5164
September	0.5206	0.5125	0.5170
October	0.5309	0.5161	0.5228
November	0.5403	0.5170	0.5319
December	0.5494	0.5303	0.5397