2015 MKD to AZN Historical Review

YEARLY HIGH

0.0278 AZN

YEARLY LOW

0.0144 AZN

YEARLY AVERAGE

0.0184 AZN

2015 MKD to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0278. Conversely, the yearly low was recorded on February 10, dropping to 0.0144.

This high-to-low spread represents a total annual volatility of 0.0134 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0149 to the December average rate of 0.0209, the exchange rate registered a net change of 40.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0278 was up 57.04% compared to the 2014 peak of 0.0177, 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 139 AZN

2014 Average 85 AZN

Yearly Trough Low 72 AZN

Transaction Impact: A difference of 67.20 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0215

0.0143

JanuMarcMayJulySeptNove

MKD to AZN 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 0.0176, compared to 0.0192 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0176

H2 Avg (Jul–Dec) 0.0192

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 0.0098 AZN (High: 0.0278 / Low: 0.0181). On the other end, July was the most stable month, with a tight range of 0.0005 AZN (High: 0.0190 / Low: 0.0185).

December Spread (Volatile) ±0.0098

July Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0009 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.0209) against the same month in 2014 (average: 0.0157), the exchange rate shifted by +0.0052 (+33.18%).

2015 Avg (December) 0.0209

2014 Avg (December) 0.0157

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0155	0.0144	0.0149
February	0.0193	0.0144	0.0155
March	0.0191	0.0178	0.0184
April	0.0191	0.0182	0.0185
May	0.0195	0.0186	0.0190
June	0.0193	0.0186	0.0191
July	0.0190	0.0185	0.0188
August	0.0197	0.0186	0.0190
September	0.0194	0.0189	0.0192
October	0.0194	0.0186	0.0192
November	0.0188	0.0180	0.0183
December	0.0278	0.0181	0.0209