2013 MKD to CVE Historical Review

YEARLY HIGH

1.8373 CVE

YEARLY LOW

1.7197 CVE

YEARLY AVERAGE

1.7819 CVE

2013 MKD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the MKD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 4, valuing the pair at 1.8373. Conversely, the yearly low was recorded on February 2, dropping to 1.7197.

This high-to-low spread represents a total annual volatility of 0.1176 CVE. From a start-to-finish perspective, comparing the January average rate of 1.7611 to the December average rate of 1.7858, the exchange rate registered a net change of 1.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 1.8373 was down 0.55% compared to the 2012 peak of 1.8475, 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 9,187 CVE

2012 Average 8,972 CVE

Yearly Trough Low 8,598 CVE

Transaction Impact: A difference of 588.24 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

1.8011

1.7490

JanuMarcMayJulySeptNove

MKD to CVE 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 1.7789, compared to 1.7850 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 1.7789

H2 Avg (Jul–Dec) 1.7850

Volatility Range Comparison

Volatility

The most volatile month in 2013 was February, with a trading range of 0.0649 CVE (High: 1.7846 / Low: 1.7197). On the other end, December was the most stable month, with a tight range of 0.0178 CVE (High: 1.7969 / Low: 1.7791).

February Spread (Volatile) ±0.0649

December Spread (Stable) ±0.0178

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0097 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0097

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2013: 1.7922) against the same month in 2012 (average: 1.8028), the exchange rate shifted by -0.0106 (-0.59%).

2013 Avg (November) 1.7922

2012 Avg (November) 1.8028

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7838	1.7322	1.7611
February	1.7846	1.7197	1.7533
March	1.8183	1.7827	1.7968
April	1.8010	1.7708	1.7899
May	1.8032	1.7713	1.7872
June	1.8059	1.7631	1.7853
July	1.8199	1.7670	1.7917
August	1.7958	1.7731	1.7830
September	1.7848	1.7561	1.7733
October	1.8010	1.7754	1.7837
November	1.8373	1.7741	1.7922
December	1.7969	1.7791	1.7858