2012 MKD to ARS Historical Review

YEARLY HIGH

0.1042 ARS

YEARLY LOW

0.0889 ARS

YEARLY AVERAGE

0.0949 ARS

2012 MKD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MKD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.1042. Conversely, the yearly low was recorded on January 16, dropping to 0.0889.

This high-to-low spread represents a total annual volatility of 0.0154 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0907 to the December average rate of 0.1033, the exchange rate registered a net change of 13.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.1042 was up 5.37% compared to the 2011 peak of 0.0989, 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 521 ARS

2011 Average 468 ARS

Yearly Trough Low 444 ARS

Transaction Impact: A difference of 76.90 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.1046

0.0894

JanuMarcMayJulySeptNove

MKD to ARS 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 0.0927, compared to 0.0972 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0045 points.

H1 Avg (Jan–Jun) 0.0927

H2 Avg (Jul–Dec) 0.0972

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 0.0045 ARS (High: 0.0990 / Low: 0.0945). On the other end, April was the most stable month, with a tight range of 0.0019 ARS (High: 0.0951 / Low: 0.0931).

September Spread (Volatile) ±0.0045

April Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0014 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 0.1033) against the same month in 2011 (average: 0.0920), the exchange rate shifted by +0.0113 (+12.27%).

2012 Avg (December) 0.1033

2011 Avg (December) 0.0920

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0930	0.0889	0.0907
February	0.0951	0.0920	0.0934
March	0.0948	0.0924	0.0936
April	0.0951	0.0931	0.0941
May	0.0950	0.0909	0.0928
June	0.0925	0.0897	0.0913
July	0.0929	0.0901	0.0915
August	0.0945	0.0914	0.0925
September	0.0990	0.0945	0.0962
October	0.1004	0.0981	0.0993
November	0.1019	0.0996	0.1003
December	0.1042	0.1020	0.1033