2013 CVE to MKD Historical Review

YEARLY HIGH

0.5815 MKD

YEARLY LOW

0.5443 MKD

YEARLY AVERAGE

0.5612 MKD

2013 CVE to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the CVE to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 0.5815. Conversely, the yearly low was recorded on November 4, dropping to 0.5443.

This high-to-low spread represents a total annual volatility of 0.0372 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5679 to the December average rate of 0.5600, the exchange rate registered a net change of -1.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.5815 was down 0.36% compared to the 2012 peak of 0.5836, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,908 MKD

2012 Average 2,787 MKD

Yearly Trough Low 2,721 MKD

Transaction Impact: A difference of 186.18 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.5718

0.5552

JanuMarcMayJulySeptNove

CVE 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 0.5622, compared to 0.5603 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.5622

H2 Avg (Jul–Dec) 0.5603

Volatility Range Comparison

Volatility

The most volatile month in 2013 was February, with a trading range of 0.0212 MKD (High: 0.5815 / Low: 0.5604). On the other end, December was the most stable month, with a tight range of 0.0056 MKD (High: 0.5621 / Low: 0.5565).

February Spread (Volatile) ±0.0212

December Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0138 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0138

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2013: 0.5704) against the same month in 2012 (average: 0.5568), the exchange rate shifted by +0.0136 (+2.44%).

2013 Avg (February) 0.5704

2012 Avg (February) 0.5568

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5773	0.5606	0.5679
February	0.5815	0.5604	0.5704
March	0.5609	0.5500	0.5566
April	0.5647	0.5552	0.5587
May	0.5646	0.5546	0.5595
June	0.5672	0.5538	0.5601
July	0.5659	0.5495	0.5582
August	0.5640	0.5569	0.5609
September	0.5694	0.5603	0.5639
October	0.5633	0.5552	0.5606
November	0.5637	0.5443	0.5580
December	0.5621	0.5565	0.5600