2015 MKD to CVE Historical Review

YEARLY HIGH

1.8505 CVE

YEARLY LOW

1.7701 CVE

YEARLY AVERAGE

1.7915 CVE

2015 MKD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 24, valuing the pair at 1.8505. Conversely, the yearly low was recorded on April 7, dropping to 1.7701.

This high-to-low spread represents a total annual volatility of 0.0804 CVE. From a start-to-finish perspective, comparing the January average rate of 1.7989 to the December average rate of 1.7914, the exchange rate registered a net change of -0.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.8505 was up 2.64% compared to the 2014 peak of 1.8030, 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 9,253 CVE

2014 Average 8,917 CVE

Yearly Trough Low 8,851 CVE

Transaction Impact: A difference of 401.92 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.8005

1.7846

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 1.7901, compared to 1.7928 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 1.7901

H2 Avg (Jul–Dec) 1.7928

Volatility Range Comparison

Volatility

The most volatile month in 2015 was October, with a trading range of 0.0706 CVE (High: 1.8505 / Low: 1.7799). On the other end, November was the most stable month, with a tight range of 0.0101 CVE (High: 1.7988 / Low: 1.7887).

October Spread (Volatile) ±0.0706

November Spread (Stable) ±0.0101

Growth Streaks & Declines

Trends

Between May and July, 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 January and February, 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 (October 2015: 1.7992) against the same month in 2014 (average: 1.7823), the exchange rate shifted by +0.0169 (+0.95%).

2015 Avg (October) 1.7992

2014 Avg (October) 1.7823

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8305	1.7786	1.7989
February	1.8002	1.7816	1.7892
March	1.7977	1.7771	1.7860
April	1.8004	1.7701	1.7882
May	1.7976	1.7705	1.7871
June	1.8077	1.7825	1.7915
July	1.8005	1.7825	1.7915
August	1.8005	1.7804	1.7912
September	1.8079	1.7765	1.7913
October	1.8505	1.7799	1.7992
November	1.7988	1.7887	1.7921
December	1.8015	1.7819	1.7914