2015 CVE to MKD Historical Review

YEARLY HIGH

0.5649 MKD

YEARLY LOW

0.5404 MKD

YEARLY AVERAGE

0.5582 MKD

2015 CVE to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the CVE to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 7, valuing the pair at 0.5649. Conversely, the yearly low was recorded on October 24, dropping to 0.5404.

This high-to-low spread represents a total annual volatility of 0.0245 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5559 to the December average rate of 0.5582, the exchange rate registered a net change of 0.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.5649 was down 0.10% compared to the 2014 peak of 0.5655, 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 2,825 MKD

2014 Average 2,804 MKD

Yearly Trough Low 2,702 MKD

Transaction Impact: A difference of 122.70 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.5603

0.5555

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 0.5586, compared to 0.5578 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.5586

H2 Avg (Jul–Dec) 0.5578

Volatility Range Comparison

Volatility

The most volatile month in 2015 was October, with a trading range of 0.0214 MKD (High: 0.5618 / Low: 0.5404). On the other end, November was the most stable month, with a tight range of 0.0032 MKD (High: 0.5591 / Low: 0.5559).

October Spread (Volatile) ±0.0214

November Spread (Stable) ±0.0032

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 September and October, when the average rate fell by 0.0024 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2015: 0.5592) against the same month in 2014 (average: 0.5611), the exchange rate shifted by -0.0018 (-0.33%).

2015 Avg (April) 0.5592

2014 Avg (April) 0.5611

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5622	0.5463	0.5559
February	0.5613	0.5555	0.5589
March	0.5627	0.5563	0.5599
April	0.5649	0.5554	0.5592
May	0.5648	0.5563	0.5596
June	0.5610	0.5532	0.5582
July	0.5610	0.5554	0.5582
August	0.5617	0.5554	0.5583
September	0.5629	0.5531	0.5583
October	0.5618	0.5404	0.5559
November	0.5591	0.5559	0.5580
December	0.5612	0.5551	0.5582