2012 MKD to ALL Historical Review

YEARLY HIGH

2.2964 ALL

YEARLY LOW

2.1469 ALL

YEARLY AVERAGE

2.2575 ALL

2012 MKD to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MKD to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 2.2964. Conversely, the yearly low was recorded on September 16, dropping to 2.1469.

This high-to-low spread represents a total annual volatility of 0.1494 ALL. From a start-to-finish perspective, comparing the January average rate of 2.2507 to the December average rate of 2.2570, the exchange rate registered a net change of 0.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.2964 was down 1.79% compared to the 2011 peak of 2.3381, 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 11,482 ALL

2011 Average 11,433 ALL

Yearly Trough Low 10,735 ALL

Transaction Impact: A difference of 747.22 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.2851

2.2186

JanuMarcMayJulySeptNove

MKD to ALL 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 2.2653, compared to 2.2496 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0156 points.

H1 Avg (Jan–Jun) 2.2653

H2 Avg (Jul–Dec) 2.2496

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 0.1494 ALL (High: 2.2964 / Low: 2.1469). On the other end, April was the most stable month, with a tight range of 0.0157 ALL (High: 2.2842 / Low: 2.2685).

September Spread (Volatile) ±0.1494

April Spread (Stable) ±0.0157

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 July and August, when the average rate fell by 0.0247 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0247

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2012: 2.2251) against the same month in 2011 (average: 2.2887), the exchange rate shifted by -0.0636 (-2.78%).

2012 Avg (September) 2.2251

2011 Avg (September) 2.2887

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2696	2.2303	2.2507
February	2.2845	2.2485	2.2622
March	2.2825	2.2654	2.2752
April	2.2842	2.2685	2.2788
May	2.2880	2.2546	2.2720
June	2.2778	2.2315	2.2526
July	2.2878	2.2083	2.2488
August	2.2562	2.1935	2.2242
September	2.2964	2.1469	2.2251
October	2.2752	2.2439	2.2631
November	2.2947	2.2578	2.2796
December	2.2881	2.2355	2.2570