2015 ISK to MKD Historical Review

YEARLY HIGH

0.4399 MKD

YEARLY LOW

0.3891 MKD

YEARLY AVERAGE

0.4205 MKD

2015 ISK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ISK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.4399. Conversely, the yearly low was recorded on January 7, dropping to 0.3891.

This high-to-low spread represents a total annual volatility of 0.0507 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4002 to the December average rate of 0.4355, the exchange rate registered a net change of 8.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.4399 was up 8.60% compared to the 2014 peak of 0.4050, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,199 MKD

2014 Average 1,989 MKD

Yearly Trough Low 1,946 MKD

Transaction Impact: A difference of 253.56 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.4410

0.3965

JanuMarcMayJulySeptNove

ISK 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 0.4128, compared to 0.4282 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0154 points.

H1 Avg (Jan–Jun) 0.4128

H2 Avg (Jul–Dec) 0.4282

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0185 MKD (High: 0.4077 / Low: 0.3891). On the other end, November was the most stable month, with a tight range of 0.0021 MKD (High: 0.4383 / Low: 0.4362).

January Spread (Volatile) ±0.0185

November Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0020 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.4355) against the same month in 2014 (average: 0.3988), the exchange rate shifted by +0.0367 (+9.21%).

2015 Avg (December) 0.4355

2014 Avg (December) 0.3988

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4077	0.3891	0.4002
February	0.4127	0.4075	0.4105
March	0.4196	0.4116	0.4157
April	0.4224	0.4155	0.4186
May	0.4223	0.4118	0.4166
June	0.4191	0.4123	0.4153
July	0.4194	0.4162	0.4177
August	0.4235	0.4159	0.4192
September	0.4318	0.4249	0.4279
October	0.4352	0.4208	0.4319
November	0.4383	0.4362	0.4373
December	0.4399	0.4336	0.4355