2012 ETB to MKD Historical Review

YEARLY HIGH

2.8361 MKD

YEARLY LOW

2.5802 MKD

YEARLY AVERAGE

2.6972 MKD

2012 ETB to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ETB to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 2.8361. Conversely, the yearly low was recorded on December 27, dropping to 2.5802.

This high-to-low spread represents a total annual volatility of 0.2559 MKD. From a start-to-finish perspective, comparing the January average rate of 2.7523 to the December average rate of 2.5895, the exchange rate registered a net change of -5.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.8361 was down 24.11% compared to the 2011 peak of 3.7372, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,181 MKD

2011 Average 14,092 MKD

Yearly Trough Low 12,901 MKD

Transaction Impact: A difference of 1,279.53 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.8000

2.5704

JanuMarcMayJulySeptNove

ETB 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 2.7113, compared to 2.6832 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0281 points.

H1 Avg (Jan–Jun) 2.7113

H2 Avg (Jul–Dec) 2.6832

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.1351 MKD (High: 2.7862 / Low: 2.6511). On the other end, December was the most stable month, with a tight range of 0.0241 MKD (High: 2.6043 / Low: 2.5802).

May Spread (Volatile) ±0.1351

December Spread (Stable) ±0.0241

Growth Streaks & Declines

Trends

Between March and July, 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 August and September, when the average rate fell by 0.0803 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0803

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 2.7808) against the same month in 2011 (average: 2.5301), the exchange rate shifted by +0.2507 (+9.91%).

2012 Avg (July) 2.7808

2011 Avg (July) 2.5301

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8033	2.6918	2.7523
February	2.7217	2.6300	2.6795
March	2.7054	2.6456	2.6687
April	2.6970	2.6456	2.6721
May	2.7862	2.6511	2.7250
June	2.7958	2.7464	2.7699
July	2.8361	2.7351	2.7808
August	2.8056	2.7194	2.7741
September	2.7521	2.6199	2.6938
October	2.6554	2.6042	2.6294
November	2.6399	2.6060	2.6314
December	2.6043	2.5802	2.5895