2015 AFN to MKD Historical Review

YEARLY HIGH

1.0159 MKD

YEARLY LOW

0.8154 MKD

YEARLY AVERAGE

0.9081 MKD

2015 AFN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the AFN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 1.0159. Conversely, the yearly low was recorded on December 28, dropping to 0.8154.

This high-to-low spread represents a total annual volatility of 0.2005 MKD. From a start-to-finish perspective, comparing the January average rate of 0.9116 to the December average rate of 0.8361, the exchange rate registered a net change of -8.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.0159 was up 16.74% compared to the 2014 peak of 0.8702, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,079 MKD

2014 Average 4,071 MKD

Yearly Trough Low 4,077 MKD

Transaction Impact: A difference of 1,002.26 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.0020

0.8211

JanuMarcMayJulySeptNove

AFN 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 0.9485, compared to 0.8676 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0809 points.

H1 Avg (Jan–Jun) 0.9485

H2 Avg (Jul–Dec) 0.8676

Volatility Range Comparison

Volatility

The most volatile month in 2015 was August, with a trading range of 0.0833 MKD (High: 0.9178 / Low: 0.8345). On the other end, February was the most stable month, with a tight range of 0.0180 MKD (High: 0.9577 / Low: 0.9397).

August Spread (Volatile) ±0.0833

February Spread (Stable) ±0.0180

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0462 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0462

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 0.9870) against the same month in 2014 (average: 0.7831), the exchange rate shifted by +0.2038 (+26.03%).

2015 Avg (March) 0.9870

2014 Avg (March) 0.7831

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9493	0.8678	0.9116
February	0.9577	0.9397	0.9454
March	1.0159	0.9565	0.9870
April	0.9985	0.9512	0.9842
May	0.9655	0.9156	0.9382
June	0.9547	0.9031	0.9246
July	0.9383	0.9071	0.9223
August	0.9178	0.8345	0.8761
September	0.8834	0.8432	0.8587
October	0.8695	0.8382	0.8481
November	0.8793	0.8462	0.8645
December	0.8667	0.8154	0.8361