2015 MKD to AFN Historical Review

YEARLY HIGH

1.2264 AFN

YEARLY LOW

0.9844 AFN

YEARLY AVERAGE

1.1048 AFN

2015 MKD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.2264. Conversely, the yearly low was recorded on March 14, dropping to 0.9844.

This high-to-low spread represents a total annual volatility of 0.2420 AFN. From a start-to-finish perspective, comparing the January average rate of 1.0979 to the December average rate of 1.1962, the exchange rate registered a net change of 8.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.2264 was down 4.82% compared to the 2014 peak of 1.2885, 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 6,132 AFN

2014 Average 6,149 AFN

Yearly Trough Low 4,922 AFN

Transaction Impact: A difference of 1,209.96 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.2145

0.9952

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 1.0555, compared to 1.1540 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0985 points.

H1 Avg (Jan–Jun) 1.0555

H2 Avg (Jul–Dec) 1.1540

Volatility Range Comparison

Volatility

The most volatile month in 2015 was August, with a trading range of 0.1088 AFN (High: 1.1984 / Low: 1.0896). On the other end, February was the most stable month, with a tight range of 0.0200 AFN (High: 1.0642 / Low: 1.0441).

August Spread (Volatile) ±0.1088

February Spread (Stable) ±0.0200

Growth Streaks & Declines

Trends

Between March and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0443 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0443

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 1.1962) against the same month in 2014 (average: 1.1610), the exchange rate shifted by +0.0352 (+3.03%).

2015 Avg (December) 1.1962

2014 Avg (December) 1.1610

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1523	1.0534	1.0979
February	1.0642	1.0441	1.0578
March	1.0454	0.9844	1.0135
April	1.0513	1.0015	1.0162
May	1.0922	1.0357	1.0660
June	1.1073	1.0475	1.0817
July	1.1024	1.0658	1.0843
August	1.1984	1.0896	1.1425
September	1.1859	1.1320	1.1647
October	1.1930	1.1501	1.1793
November	1.1817	1.1372	1.1569
December	1.2264	1.1538	1.1962