2015 HNL to MKD Historical Review

YEARLY HIGH

2.7429 MKD

YEARLY LOW

2.3977 MKD

YEARLY AVERAGE

2.5555 MKD

2015 HNL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the HNL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 11, valuing the pair at 2.7429. Conversely, the yearly low was recorded on January 2, dropping to 2.3977.

This high-to-low spread represents a total annual volatility of 0.3451 MKD. From a start-to-finish perspective, comparing the January average rate of 2.4976 to the December average rate of 2.5798, the exchange rate registered a net change of 3.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.7429 was up 14.02% compared to the 2014 peak of 2.4057, 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 13,714 MKD

2014 Average 11,371 MKD

Yearly Trough Low 11,989 MKD

Transaction Impact: A difference of 1,725.74 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

2.6769

2.4714

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 2.5658, compared to 2.5451 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0206 points.

H1 Avg (Jan–Jun) 2.5658

H2 Avg (Jul–Dec) 2.5451

Volatility Range Comparison

Volatility

The most volatile month in 2015 was April, with a trading range of 0.1902 MKD (High: 2.7001 / Low: 2.5099). On the other end, February was the most stable month, with a tight range of 0.0654 MKD (High: 2.6114 / Low: 2.5460).

April Spread (Volatile) ±0.1902

February Spread (Stable) ±0.0654

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 0.1294 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1294

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 2.6598) against the same month in 2014 (average: 2.3068), the exchange rate shifted by +0.3530 (+15.30%).

2015 Avg (March) 2.6598

2014 Avg (March) 2.3068

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5728	2.3977	2.4976
February	2.6114	2.5460	2.5641
March	2.7429	2.5943	2.6598
April	2.7001	2.5099	2.6441
May	2.5786	2.4502	2.5147
June	2.5778	2.4895	2.5144
July	2.6022	2.5340	2.5628
August	2.5767	2.4309	2.5229
September	2.5444	2.4788	2.5051
October	2.5554	2.4459	2.4885
November	2.6565	2.5384	2.6117
December	2.6494	2.5344	2.5798