2015 GNF to MKD Historical Review

YEARLY HIGH

0.0082 MKD

YEARLY LOW

0.0071 MKD

YEARLY AVERAGE

0.0075 MKD

2015 GNF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the GNF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 0.0082. Conversely, the yearly low was recorded on November 3, dropping to 0.0071.

This high-to-low spread represents a total annual volatility of 0.0011 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0074 to the December average rate of 0.0073, the exchange rate registered a net change of -1.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0082 was up 13.87% compared to the 2014 peak of 0.0072, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 41 MKD

2014 Average 33 MKD

Yearly Trough Low 36 MKD

Transaction Impact: A difference of 5.45 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0079

0.0073

JanuMarcMayJulySeptNove

GNF 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 0.0076, compared to 0.0075 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0076

H2 Avg (Jul–Dec) 0.0075

Volatility Range Comparison

Volatility

The most volatile month in 2015 was November, with a trading range of 0.0006 MKD (High: 0.0077 / Low: 0.0071). On the other end, February was the most stable month, with a tight range of 0.0002 MKD (High: 0.0076 / Low: 0.0074).

November Spread (Volatile) ±0.0006

February Spread (Stable) ±0.0002

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 April and May, when the average rate fell by 0.0003 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 0.0079) against the same month in 2014 (average: 0.0064), the exchange rate shifted by +0.0015 (+23.53%).

2015 Avg (March) 0.0079

2014 Avg (March) 0.0064

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0076	0.0072	0.0074
February	0.0076	0.0074	0.0075
March	0.0082	0.0076	0.0079
April	0.0080	0.0075	0.0078
May	0.0077	0.0073	0.0075
June	0.0076	0.0072	0.0075
July	0.0079	0.0073	0.0076
August	0.0078	0.0074	0.0076
September	0.0077	0.0073	0.0075
October	0.0078	0.0072	0.0075
November	0.0077	0.0071	0.0074
December	0.0076	0.0072	0.0073