2015 LTL to MKD Historical Review

YEARLY HIGH

20.0128 MKD

YEARLY LOW

17.3770 MKD

YEARLY AVERAGE

18.3436 MKD

2015 LTL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the LTL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 20.0128. Conversely, the yearly low was recorded on January 7, dropping to 17.3770.

This high-to-low spread represents a total annual volatility of 2.6357 MKD. From a start-to-finish perspective, comparing the January average rate of 17.8846 to the December average rate of 18.1683, the exchange rate registered a net change of 1.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 20.0128 was up 11.18% compared to the 2014 peak of 18.0004, 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 100,064 MKD

2014 Average 89,150 MKD

Yearly Trough Low 86,885 MKD

Transaction Impact: A difference of 13,178.71 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

19.5642

17.7319

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 18.5879, compared to 18.0993 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4886 points.

H1 Avg (Jan–Jun) 18.5879

H2 Avg (Jul–Dec) 18.0993

Volatility Range Comparison

Volatility

The most volatile month in 2015 was March, with a trading range of 1.6606 MKD (High: 20.0128 / Low: 18.3522). On the other end, February was the most stable month, with a tight range of 0.2228 MKD (High: 18.3498 / Low: 18.1270).

March Spread (Volatile) ±1.6606

February Spread (Stable) ±0.2228

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.8011 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.8011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 19.3536) against the same month in 2014 (average: 17.8575), the exchange rate shifted by +1.4961 (+8.38%).

2015 Avg (March) 19.3536

2014 Avg (March) 17.8575

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.2447	17.3770	17.8846
February	18.3498	18.1270	18.2098
March	20.0128	18.3522	19.3536
April	19.6911	18.7715	19.4115
May	19.2497	18.0281	18.6103
June	19.2346	17.8189	18.0578
July	18.2204	17.9534	18.0903
August	18.1905	17.7214	18.0208
September	18.2195	17.9145	18.0492
October	18.1493	17.5188	17.9530
November	18.4476	18.0925	18.3142
December	18.4086	18.0086	18.1683