2016 WST to MKD Historical Review

YEARLY HIGH

23.3366 MKD

YEARLY LOW

20.8075 MKD

YEARLY AVERAGE

21.8829 MKD

2016 WST to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the WST to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 23.3366. Conversely, the yearly low was recorded on May 13, dropping to 20.8075.

This high-to-low spread represents a total annual volatility of 2.5291 MKD. From a start-to-finish perspective, comparing the January average rate of 21.8451 to the December average rate of 22.9961, the exchange rate registered a net change of 5.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 23.3366 was down 0.27% compared to the 2015 peak of 23.4006, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 116,683 MKD

2015 Average 109,793 MKD

Yearly Trough Low 104,037 MKD

Transaction Impact: A difference of 12,645.26 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

23.1559

21.2390

JanuMarcMayJulySeptNove

WST 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 21.6264, compared to 22.1394 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5130 points.

H1 Avg (Jan–Jun) 21.6264

H2 Avg (Jul–Dec) 22.1394

Volatility Range Comparison

Volatility

The most volatile month in 2016 was January, with a trading range of 1.1805 MKD (High: 22.3038 / Low: 21.1233). On the other end, September was the most stable month, with a tight range of 0.2972 MKD (High: 21.8769 / Low: 21.5797).

January Spread (Volatile) ±1.1805

September Spread (Stable) ±0.2972

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 0.3546 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3546

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 22.9961) against the same month in 2015 (average: 21.8169), the exchange rate shifted by +1.1793 (+5.41%).

2016 Avg (December) 22.9961

2015 Avg (December) 21.8169

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.3038	21.1233	21.8451
February	22.0172	20.9075	21.4905
March	22.1029	21.4924	21.7895
April	21.8809	21.1894	21.6383
May	21.8662	20.8075	21.3987
June	22.0771	21.0924	21.5963
July	22.1794	21.3994	21.8897
August	21.9220	21.3995	21.6383
September	21.8769	21.5797	21.7471
October	22.3556	21.6801	22.0105
November	22.9259	21.8653	22.5547
December	23.3366	22.5765	22.9961