2015 MKD to HNL Historical Review

YEARLY HIGH

0.4171 HNL

YEARLY LOW

0.3646 HNL

YEARLY AVERAGE

0.3916 HNL

2015 MKD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.4171. Conversely, the yearly low was recorded on March 11, dropping to 0.3646.

This high-to-low spread represents a total annual volatility of 0.0525 HNL. From a start-to-finish perspective, comparing the January average rate of 0.4006 to the December average rate of 0.3877, the exchange rate registered a net change of -3.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.4171 was down 10.28% compared to the 2014 peak of 0.4648, 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 2,085 HNL

2014 Average 2,200 HNL

Yearly Trough Low 1,823 HNL

Transaction Impact: A difference of 262.41 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.4045

0.3735

JanuMarcMayJulySeptNove

MKD to HNL 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 0.3901, compared to 0.3931 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.3901

H2 Avg (Jul–Dec) 0.3931

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0284 HNL (High: 0.4171 / Low: 0.3887). On the other end, February was the most stable month, with a tight range of 0.0098 HNL (High: 0.3928 / Low: 0.3829).

January Spread (Volatile) ±0.0284

February Spread (Stable) ±0.0098

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 0.0189 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0189

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 0.4006) against the same month in 2014 (average: 0.4440), the exchange rate shifted by -0.0434 (-9.78%).

2015 Avg (January) 0.4006

2014 Avg (January) 0.4440

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4171	0.3887	0.4006
February	0.3928	0.3829	0.3900
March	0.3855	0.3646	0.3761
April	0.3984	0.3704	0.3783
May	0.4081	0.3878	0.3978
June	0.4017	0.3879	0.3977
July	0.3946	0.3843	0.3902
August	0.4114	0.3881	0.3965
September	0.4034	0.3930	0.3992
October	0.4089	0.3913	0.4019
November	0.3939	0.3764	0.3830
December	0.3946	0.3774	0.3877