2015 MKD to ARS Historical Review

YEARLY HIGH

0.2347 ARS

YEARLY LOW

0.1497 ARS

YEARLY AVERAGE

0.1670 ARS

2015 MKD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.2347. Conversely, the yearly low was recorded on March 15, dropping to 0.1497.

This high-to-low spread represents a total annual volatility of 0.0851 ARS. From a start-to-finish perspective, comparing the January average rate of 0.1635 to the December average rate of 0.2008, the exchange rate registered a net change of 22.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.2347 was up 29.26% compared to the 2014 peak of 0.1816, 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 1,174 ARS

2014 Average 874 ARS

Yearly Trough Low 748 ARS

Transaction Impact: A difference of 425.28 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.2055

0.1497

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 0.1601, compared to 0.1739 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0138 points.

H1 Avg (Jan–Jun) 0.1601

H2 Avg (Jul–Dec) 0.1739

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0678 ARS (High: 0.2347 / Low: 0.1670). On the other end, February was the most stable month, with a tight range of 0.0022 ARS (High: 0.1610 / Low: 0.1588).

December Spread (Volatile) ±0.0678

February Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between March and June, 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 October and November, when the average rate fell by 0.0059 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0059

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.2008) against the same month in 2014 (average: 0.1710), the exchange rate shifted by +0.0298 (+17.43%).

2015 Avg (December) 0.2008

2014 Avg (December) 0.1710

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1694	0.1588	0.1635
February	0.1610	0.1588	0.1601
March	0.1589	0.1497	0.1543
April	0.1620	0.1534	0.1555
May	0.1665	0.1591	0.1624
June	0.1676	0.1596	0.1650
July	0.1657	0.1613	0.1634
August	0.1739	0.1630	0.1673
September	0.1731	0.1682	0.1710
October	0.1760	0.1694	0.1734
November	0.1705	0.1654	0.1674
December	0.2347	0.1670	0.2008