2012 MKD to AFN Historical Review

YEARLY HIGH

1.1110 AFN

YEARLY LOW

0.9524 AFN

YEARLY AVERAGE

1.0245 AFN

2012 MKD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MKD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 1.1110. Conversely, the yearly low was recorded on July 26, dropping to 0.9524.

This high-to-low spread represents a total annual volatility of 0.1586 AFN. From a start-to-finish perspective, comparing the January average rate of 0.9685 to the December average rate of 1.0902, the exchange rate registered a net change of 12.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.1110 was down 0.30% compared to the 2011 peak of 1.1143, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,555 AFN

2011 Average 5,017 AFN

Yearly Trough Low 4,762 AFN

Transaction Impact: A difference of 793.16 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.1057

0.9561

JanuMarcMayJulySeptNove

MKD to AFN 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 1.0118, compared to 1.0371 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0253 points.

H1 Avg (Jan–Jun) 1.0118

H2 Avg (Jul–Dec) 1.0371

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 0.0867 AFN (High: 1.0641 / Low: 0.9774). On the other end, June was the most stable month, with a tight range of 0.0144 AFN (High: 0.9924 / Low: 0.9780).

September Spread (Volatile) ±0.0867

June Spread (Stable) ±0.0144

Growth Streaks & Declines

Trends

Between August and November, 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 0.0262 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0262

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2012: 1.0932) against the same month in 2011 (average: 1.0626), the exchange rate shifted by +0.0306 (+2.88%).

2012 Avg (November) 1.0932

2011 Avg (November) 1.0626

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9924	0.9545	0.9685
February	1.0624	0.9800	1.0355
March	1.0497	1.0284	1.0392
April	1.0474	1.0264	1.0347
May	1.0407	0.9827	1.0085
June	0.9924	0.9780	0.9846
July	0.9885	0.9524	0.9717
August	0.9883	0.9634	0.9708
September	1.0641	0.9774	1.0155
October	1.0944	1.0613	1.0812
November	1.1110	1.0793	1.0932
December	1.1013	1.0771	1.0902