2012 HTG to MKD Historical Review

YEARLY HIGH

1.2085 MKD

YEARLY LOW

1.1058 MKD

YEARLY AVERAGE

1.1494 MKD

2012 HTG to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the HTG to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 1.2085. Conversely, the yearly low was recorded on May 1, dropping to 1.1058.

This high-to-low spread represents a total annual volatility of 0.1026 MKD. From a start-to-finish perspective, comparing the January average rate of 1.1772 to the December average rate of 1.1203, the exchange rate registered a net change of -4.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.2085 was up 2.28% compared to the 2011 peak of 1.1816, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,042 MKD

2011 Average 5,436 MKD

Yearly Trough Low 5,529 MKD

Transaction Impact: A difference of 513.15 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.1914

1.1138

JanuMarcMayJulySeptNove

HTG 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 1.1483, compared to 1.1504 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 1.1483

H2 Avg (Jul–Dec) 1.1504

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0599 MKD (High: 1.1657 / Low: 1.1058). On the other end, December was the most stable month, with a tight range of 0.0086 MKD (High: 1.1245 / Low: 1.1159).

May Spread (Volatile) ±0.0599

December Spread (Stable) ±0.0086

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0314 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0314

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 1.1814) against the same month in 2011 (average: 1.0597), the exchange rate shifted by +0.1217 (+11.48%).

2012 Avg (July) 1.1814

2011 Avg (July) 1.0597

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2022	1.1486	1.1772
February	1.1677	1.1205	1.1486
March	1.1475	1.1178	1.1310
April	1.1457	1.1058	1.1279
May	1.1657	1.1058	1.1407
June	1.1752	1.1533	1.1645
July	1.2085	1.1535	1.1814
August	1.1968	1.1636	1.1850
September	1.1789	1.1212	1.1535
October	1.1382	1.1187	1.1285
November	1.1373	1.1250	1.1338
December	1.1245	1.1159	1.1203