2013 MKD to ARS Historical Review

YEARLY HIGH

0.1461 ARS

YEARLY LOW

0.1041 ARS

YEARLY AVERAGE

0.1178 ARS

2013 MKD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the MKD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.1461. Conversely, the yearly low was recorded on January 1, dropping to 0.1041.

This high-to-low spread represents a total annual volatility of 0.0420 ARS. From a start-to-finish perspective, comparing the January average rate of 0.1050 to the December average rate of 0.1409, the exchange rate registered a net change of 34.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.1461 was up 40.18% compared to the 2012 peak of 0.1042, 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 731 ARS

2012 Average 475 ARS

Yearly Trough Low 521 ARS

Transaction Impact: A difference of 209.96 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.1445

0.1014

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 0.1086, compared to 0.1271 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0186 points.

H1 Avg (Jan–Jun) 0.1086

H2 Avg (Jul–Dec) 0.1271

Volatility Range Comparison

Volatility

The most volatile month in 2013 was December, with a trading range of 0.0112 ARS (High: 0.1461 / Low: 0.1349). On the other end, May was the most stable month, with a tight range of 0.0013 ARS (High: 0.1109 / Low: 0.1096).

December Spread (Volatile) ±0.0112

May Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2013: 0.1409) against the same month in 2012 (average: 0.1033), the exchange rate shifted by +0.0376 (+36.35%).

2013 Avg (December) 0.1409

2012 Avg (December) 0.1033

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1057	0.1041	0.1050
February	0.1075	0.1057	0.1064
March	0.1082	0.1068	0.1074
April	0.1099	0.1063	0.1087
May	0.1109	0.1096	0.1102
June	0.1160	0.1100	0.1137
July	0.1184	0.1130	0.1155
August	0.1227	0.1184	0.1204
September	0.1272	0.1212	0.1241
October	0.1322	0.1272	0.1296
November	0.1349	0.1296	0.1322
December	0.1461	0.1349	0.1409