2013 HNL to MKD Historical Review

YEARLY HIGH

2.5315 MKD

YEARLY LOW

2.1651 MKD

YEARLY AVERAGE

2.3186 MKD

2013 HNL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the HNL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 24, valuing the pair at 2.5315. Conversely, the yearly low was recorded on November 4, dropping to 2.1651.

This high-to-low spread represents a total annual volatility of 0.3664 MKD. From a start-to-finish perspective, comparing the January average rate of 2.3685 to the December average rate of 2.2024, the exchange rate registered a net change of -7.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 2.5315 was down 5.01% compared to the 2012 peak of 2.6649, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,657 MKD

2012 Average 12,407 MKD

Yearly Trough Low 10,825 MKD

Transaction Impact: A difference of 1,832.14 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

2.4809

2.1770

JanuMarcMayJulySeptNove

HNL 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 2.3887, compared to 2.2486 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1401 points.

H1 Avg (Jan–Jun) 2.3887

H2 Avg (Jul–Dec) 2.2486

Volatility Range Comparison

Volatility

The most volatile month in 2013 was May, with a trading range of 0.1690 MKD (High: 2.5315 / Low: 2.3625). On the other end, January was the most stable month, with a tight range of 0.0189 MKD (High: 2.3803 / Low: 2.3614).

May Spread (Volatile) ±0.1690

January Spread (Stable) ±0.0189

Growth Streaks & Declines

Trends

Between February and May, 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 May and June, when the average rate fell by 0.1437 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1437

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2013: 2.4555) against the same month in 2012 (average: 2.5143), the exchange rate shifted by -0.0588 (-2.34%).

2013 Avg (May) 2.4555

2012 Avg (May) 2.5143

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3803	2.3614	2.3685
February	2.3677	2.3434	2.3618
March	2.4452	2.3539	2.3966
April	2.4644	2.4215	2.4377
May	2.5315	2.3625	2.4555
June	2.3722	2.2687	2.3118
July	2.3758	2.2768	2.3205
August	2.2892	2.2563	2.2720
September	2.3070	2.2257	2.2672
October	2.2312	2.1824	2.2069
November	2.2606	2.1651	2.2226
December	2.2168	2.1855	2.2024