2015 MKD to BRL Historical Review

YEARLY HIGH

0.0751 BRL

YEARLY LOW

0.0476 BRL

YEARLY AVERAGE

0.0601 BRL

2015 MKD to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 23, valuing the pair at 0.0751. Conversely, the yearly low was recorded on January 28, dropping to 0.0476.

This high-to-low spread represents a total annual volatility of 0.0276 BRL. From a start-to-finish perspective, comparing the January average rate of 0.0501 to the December average rate of 0.0687, the exchange rate registered a net change of 37.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0751 was up 35.96% compared to the 2014 peak of 0.0553, 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 376 BRL

2014 Average 253 BRL

Yearly Trough Low 238 BRL

Transaction Impact: A difference of 137.83 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0732

0.0480

JanuMarcMayJulySeptNove

MKD to BRL 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 0.0538, compared to 0.0663 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0125 points.

H1 Avg (Jan–Jun) 0.0538

H2 Avg (Jul–Dec) 0.0663

Volatility Range Comparison

Volatility

The most volatile month in 2015 was September, with a trading range of 0.0078 BRL (High: 0.0751 / Low: 0.0674). On the other end, June was the most stable month, with a tight range of 0.0013 BRL (High: 0.0573 / Low: 0.0560).

September Spread (Volatile) ±0.0078

June Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between April and September, 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 0.0049 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2015: 0.0711) against the same month in 2014 (average: 0.0490), the exchange rate shifted by +0.0221 (+45.15%).

2015 Avg (September) 0.0711

2014 Avg (September) 0.0490

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0535	0.0476	0.0501
February	0.0530	0.0494	0.0519
March	0.0574	0.0517	0.0553
April	0.0556	0.0517	0.0535
May	0.0568	0.0542	0.0554
June	0.0573	0.0560	0.0568
July	0.0607	0.0558	0.0575
August	0.0669	0.0609	0.0635
September	0.0751	0.0674	0.0711
October	0.0727	0.0689	0.0709
November	0.0691	0.0640	0.0660
December	0.0709	0.0662	0.0687