2015 MKD to ETB Historical Review

YEARLY HIGH

0.4009 ETB

YEARLY LOW

0.3477 ETB

YEARLY AVERAGE

0.3734 ETB

2015 MKD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.4009. Conversely, the yearly low was recorded on March 15, dropping to 0.3477.

This high-to-low spread represents a total annual volatility of 0.0532 ETB. From a start-to-finish perspective, comparing the January average rate of 0.3851 to the December average rate of 0.3740, the exchange rate registered a net change of -2.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.4009 was down 9.04% compared to the 2014 peak of 0.4408, 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 2,005 ETB

2014 Average 2,121 ETB

Yearly Trough Low 1,738 ETB

Transaction Impact: A difference of 266.10 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.3878

0.3557

JanuMarcMayJulySeptNove

MKD to ETB 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 0.3711, compared to 0.3757 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 0.3711

H2 Avg (Jul–Dec) 0.3757

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0283 ETB (High: 0.4009 / Low: 0.3726). On the other end, February was the most stable month, with a tight range of 0.0058 ETB (High: 0.3770 / Low: 0.3712).

January Spread (Volatile) ±0.0283

February Spread (Stable) ±0.0058

Growth Streaks & Declines

Trends

Between March and June, 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 0.0168 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0168

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 0.3851) against the same month in 2014 (average: 0.4243), the exchange rate shifted by -0.0391 (-9.22%).

2015 Avg (January) 0.3851

2014 Avg (January) 0.4243

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4009	0.3726	0.3851
February	0.3770	0.3712	0.3748
March	0.3705	0.3477	0.3584
April	0.3727	0.3541	0.3592
May	0.3822	0.3643	0.3726
June	0.3816	0.3647	0.3763
July	0.3753	0.3653	0.3708
August	0.3906	0.3678	0.3767
September	0.3851	0.3759	0.3814
October	0.3911	0.3743	0.3839
November	0.3768	0.3619	0.3672
December	0.3786	0.3636	0.3740