2015 GEL to MKD Historical Review

YEARLY HIGH

33.2545 MKD

YEARLY LOW

22.1494 MKD

YEARLY AVERAGE

25.4597 MKD

2015 GEL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the GEL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 33.2545. Conversely, the yearly low was recorded on September 20, dropping to 22.1494.

This high-to-low spread represents a total annual volatility of 11.1051 MKD. From a start-to-finish perspective, comparing the January average rate of 29.7968 to the December average rate of 23.5812, the exchange rate registered a net change of -20.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 33.2545 was up 16.05% compared to the 2014 peak of 28.6543, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 166,273 MKD

2014 Average 131,817 MKD

Yearly Trough Low 110,747 MKD

Transaction Impact: A difference of 55,525.38 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

31.4915

22.0570

JanuMarcMayJulySeptNove

GEL 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 27.2818, compared to 23.6376 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.6442 points.

H1 Avg (Jan–Jun) 27.2818

H2 Avg (Jul–Dec) 23.6376

Volatility Range Comparison

Volatility

The most volatile month in 2015 was March, with a trading range of 7.9667 MKD (High: 33.2545 / Low: 25.2878). On the other end, July was the most stable month, with a tight range of 0.5431 MKD (High: 25.0921 / Low: 24.5491).

March Spread (Volatile) ±7.9667

July Spread (Stable) ±0.5431

Growth Streaks & Declines

Trends

Between May and July, 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 March and April, when the average rate fell by 4.6696 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.6696

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 29.8800) against the same month in 2014 (average: 25.4859), the exchange rate shifted by +4.3941 (+17.24%).

2015 Avg (March) 29.8800

2014 Avg (March) 25.4859

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.7816	28.6634	29.7968
February	31.1004	30.5099	30.7053
March	33.2545	25.2878	29.8800
April	25.7702	23.7194	25.2104
May	24.7591	22.8211	23.7892
June	24.6788	23.9109	24.3088
July	25.0921	24.5491	24.7986
August	24.7699	22.3365	23.7994
September	23.3979	22.1494	22.8432
October	23.5944	22.5250	22.8835
November	24.2805	23.3532	23.9198
December	24.2281	23.2884	23.5812