2013 CDF to MKD Historical Review

YEARLY HIGH

0.0526 MKD

YEARLY LOW

0.0478 MKD

YEARLY AVERAGE

0.0504 MKD

2013 CDF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the CDF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 4, valuing the pair at 0.0526. Conversely, the yearly low was recorded on November 4, dropping to 0.0478.

This high-to-low spread represents a total annual volatility of 0.0048 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0511 to the December average rate of 0.0487, the exchange rate registered a net change of -4.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.0526 was down 4.05% compared to the 2012 peak of 0.0548, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 263 MKD

2012 Average 260 MKD

Yearly Trough Low 239 MKD

Transaction Impact: A difference of 24.09 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.0519

0.0484

JanuMarcMayJulySeptNove

CDF 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 0.0512, compared to 0.0497 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0512

H2 Avg (Jul–Dec) 0.0497

Volatility Range Comparison

Volatility

The most volatile month in 2013 was June, with a trading range of 0.0023 MKD (High: 0.0522 / Low: 0.0499). On the other end, February was the most stable month, with a tight range of 0.0003 MKD (High: 0.0513 / Low: 0.0510).

June Spread (Volatile) ±0.0023

February Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between March and May, 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 September and October, when the average rate fell by 0.0012 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2013: 0.0515) against the same month in 2012 (average: 0.0510), the exchange rate shifted by +0.0005 (+0.97%).

2013 Avg (April) 0.0515

2012 Avg (April) 0.0510

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0514	0.0509	0.0511
February	0.0513	0.0510	0.0512
March	0.0520	0.0508	0.0512
April	0.0526	0.0508	0.0515
May	0.0523	0.0508	0.0516
June	0.0522	0.0499	0.0509
July	0.0524	0.0505	0.0511
August	0.0508	0.0498	0.0503
September	0.0507	0.0492	0.0499
October	0.0493	0.0481	0.0488
November	0.0499	0.0478	0.0492
December	0.0493	0.0480	0.0487