2015 GMD to MKD Historical Review

YEARLY HIGH

1.4751 MKD

YEARLY LOW

1.1761 MKD

YEARLY AVERAGE

1.3480 MKD

2015 GMD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the GMD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 1.4751. Conversely, the yearly low was recorded on January 2, dropping to 1.1761.

This high-to-low spread represents a total annual volatility of 0.2990 MKD. From a start-to-finish perspective, comparing the January average rate of 1.2249 to the December average rate of 1.4280, the exchange rate registered a net change of 16.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.4751 was up 19.38% compared to the 2014 peak of 1.2356, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,375 MKD

2014 Average 5,816 MKD

Yearly Trough Low 5,881 MKD

Transaction Impact: A difference of 1,494.75 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.4835

1.2014

JanuMarcMayJulySeptNove

GMD 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 1.2833, compared to 1.4127 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1294 points.

H1 Avg (Jan–Jun) 1.2833

H2 Avg (Jul–Dec) 1.4127

Volatility Range Comparison

Volatility

The most volatile month in 2015 was June, with a trading range of 0.1342 MKD (High: 1.3989 / Low: 1.2647). On the other end, July was the most stable month, with a tight range of 0.0402 MKD (High: 1.4299 / Low: 1.3897).

June Spread (Volatile) ±0.1342

July Spread (Stable) ±0.0402

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0415 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0415

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2015: 1.4600) against the same month in 2014 (average: 1.1472), the exchange rate shifted by +0.3128 (+27.27%).

2015 Avg (November) 1.4600

2014 Avg (November) 1.1472

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2731	1.1761	1.2249
February	1.2739	1.2323	1.2572
March	1.3632	1.2750	1.3225
April	1.3450	1.2813	1.3235
May	1.3130	1.2482	1.2820
June	1.3989	1.2647	1.2896
July	1.4299	1.3897	1.4112
August	1.4232	1.3385	1.3908
September	1.4153	1.3594	1.3909
October	1.4412	1.3659	1.3954
November	1.4751	1.4287	1.4600
December	1.4675	1.4112	1.4280