2012 LTL to MKD Historical Review

YEARLY HIGH

18.7191 MKD

YEARLY LOW

17.3426 MKD

YEARLY AVERAGE

17.8330 MKD

2012 LTL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the LTL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 16, valuing the pair at 18.7191. Conversely, the yearly low was recorded on July 16, dropping to 17.3426.

This high-to-low spread represents a total annual volatility of 1.3765 MKD. From a start-to-finish perspective, comparing the January average rate of 17.7987 to the December average rate of 17.9388, the exchange rate registered a net change of 0.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 18.7191 was up 4.18% compared to the 2011 peak of 17.9679, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 93,596 MKD

2011 Average 88,866 MKD

Yearly Trough Low 86,713 MKD

Transaction Impact: A difference of 6,882.61 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

18.1136

17.6648

JanuMarcMayJulySeptNove

LTL 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 17.7949, compared to 17.8711 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0762 points.

H1 Avg (Jan–Jun) 17.7949

H2 Avg (Jul–Dec) 17.8711

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 1.0304 MKD (High: 18.7191 / Low: 17.6887). On the other end, March was the most stable month, with a tight range of 0.0817 MKD (High: 17.8268 / Low: 17.7451).

September Spread (Volatile) ±1.0304

March Spread (Stable) ±0.0817

Growth Streaks & Declines

Trends

Between July and September, 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 September and October, when the average rate fell by 0.1998 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1998

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2012: 18.0762) against the same month in 2011 (average: 17.7724), the exchange rate shifted by +0.3039 (+1.71%).

2012 Avg (September) 18.0762

2011 Avg (September) 17.7724

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.9028	17.6392	17.7987
February	17.8797	17.7618	17.8153
March	17.8268	17.7451	17.7993
April	17.8331	17.7406	17.7912
May	17.8348	17.6468	17.7747
June	17.9224	17.6338	17.7902
July	17.9773	17.3426	17.7022
August	18.1814	17.7110	17.8823
September	18.7191	17.6887	18.0762
October	18.0357	17.7703	17.8764
November	17.9246	17.6150	17.7508
December	18.1232	17.6816	17.9388