2015 MKD to GEL Historical Review

YEARLY HIGH

0.0451 GEL

YEARLY LOW

0.0301 GEL

YEARLY AVERAGE

0.0398 GEL

2015 MKD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 0.0451. Conversely, the yearly low was recorded on March 15, dropping to 0.0301.

This high-to-low spread represents a total annual volatility of 0.0151 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0336 to the December average rate of 0.0424, the exchange rate registered a net change of 26.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0451 was up 13.34% compared to the 2014 peak of 0.0398, 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 226 GEL

2014 Average 190 GEL

Yearly Trough Low 150 GEL

Transaction Impact: A difference of 75.38 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0449

0.0314

JanuMarcMayJulySeptNove

MKD to GEL 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 0.0372, compared to 0.0423 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0052 points.

H1 Avg (Jan–Jun) 0.0372

H2 Avg (Jul–Dec) 0.0423

Volatility Range Comparison

Volatility

The most volatile month in 2015 was March, with a trading range of 0.0095 GEL (High: 0.0395 / Low: 0.0301). On the other end, February was the most stable month, with a tight range of 0.0006 GEL (High: 0.0328 / Low: 0.0322).

March Spread (Volatile) ±0.0095

February Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between February and May, 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 0.0019 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2015: 0.0438) against the same month in 2014 (average: 0.0368), the exchange rate shifted by +0.0070 (+19.03%).

2015 Avg (September) 0.0438

2014 Avg (September) 0.0368

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0349	0.0325	0.0336
February	0.0328	0.0322	0.0326
March	0.0395	0.0301	0.0339
April	0.0422	0.0388	0.0397
May	0.0438	0.0404	0.0421
June	0.0418	0.0405	0.0411
July	0.0407	0.0399	0.0403
August	0.0448	0.0404	0.0421
September	0.0451	0.0427	0.0438
October	0.0444	0.0424	0.0437
November	0.0428	0.0412	0.0418
December	0.0429	0.0413	0.0424