2015 MKD to CDF Historical Review

YEARLY HIGH

18.3536 CDF

YEARLY LOW

15.8126 CDF

YEARLY AVERAGE

16.7214 CDF

2015 MKD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 18.3536. Conversely, the yearly low was recorded on March 15, dropping to 15.8126.

This high-to-low spread represents a total annual volatility of 2.5410 CDF. From a start-to-finish perspective, comparing the January average rate of 17.6144 to the December average rate of 16.4176, the exchange rate registered a net change of -6.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 18.3536 was down 12.19% compared to the 2014 peak of 20.9006, 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 91,768 CDF

2014 Average 99,649 CDF

Yearly Trough Low 79,063 CDF

Transaction Impact: A difference of 12,705.00 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

17.7595

16.0182

JanuMarcMayJulySeptNove

MKD to CDF 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 16.8109, compared to 16.6318 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1792 points.

H1 Avg (Jan–Jun) 16.8109

H2 Avg (Jul–Dec) 16.6318

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 1.3408 CDF (High: 18.3536 / Low: 17.0129). On the other end, September was the most stable month, with a tight range of 0.4063 CDF (High: 17.1067 / Low: 16.7004).

January Spread (Volatile) ±1.3408

September Spread (Stable) ±0.4063

Growth Streaks & Declines

Trends

Between July and October, 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 0.8101 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.8101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 17.6144) against the same month in 2014 (average: 20.4602), the exchange rate shifted by -2.8458 (-13.91%).

2015 Avg (January) 17.6144

2014 Avg (January) 20.4602

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.3536	17.0129	17.6144
February	17.2518	16.7424	17.0823
March	16.8746	15.8126	16.2744
April	16.7993	16.0484	16.2709
May	17.2138	16.3488	16.7659
June	17.1107	16.3700	16.8577
July	16.8002	16.3108	16.5542
August	17.3810	16.3039	16.7521
September	17.1067	16.7004	16.9300
October	17.1689	16.5117	16.9734
November	16.6162	15.9287	16.1633
December	16.5522	15.9872	16.4176