2013 MKD to ILS Historical Review

YEARLY HIGH

0.0801 ILS

YEARLY LOW

0.0752 ILS

YEARLY AVERAGE

0.0776 ILS

2013 MKD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the MKD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0801. Conversely, the yearly low was recorded on April 3, dropping to 0.0752.

This high-to-low spread represents a total annual volatility of 0.0048 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0793 to the December average rate of 0.0779, the exchange rate registered a net change of -1.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.0801 was down 3.37% compared to the 2012 peak of 0.0828, 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 400 ILS

2012 Average 402 ILS

Yearly Trough Low 376 ILS

Transaction Impact: A difference of 24.18 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.0796

0.0762

JanuMarcMayJulySeptNove

MKD to ILS 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 0.0776, compared to 0.0775 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0776

H2 Avg (Jul–Dec) 0.0775

Volatility Range Comparison

Volatility

The most volatile month in 2013 was March, with a trading range of 0.0039 ILS (High: 0.0798 / Low: 0.0759). On the other end, December was the most stable month, with a tight range of 0.0010 ILS (High: 0.0784 / Low: 0.0774).

March Spread (Volatile) ±0.0039

December Spread (Stable) ±0.0010

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 March and April, when the average rate fell by 0.0013 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2013: 0.0793) against the same month in 2012 (average: 0.0800), the exchange rate shifted by -0.0007 (-0.84%).

2013 Avg (January) 0.0793

2012 Avg (January) 0.0800

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0801	0.0788	0.0793
February	0.0792	0.0780	0.0785
March	0.0798	0.0759	0.0777
April	0.0772	0.0752	0.0765
May	0.0775	0.0754	0.0764
June	0.0783	0.0765	0.0775
July	0.0780	0.0753	0.0765
August	0.0794	0.0760	0.0772
September	0.0781	0.0760	0.0772
October	0.0792	0.0778	0.0784
November	0.0798	0.0769	0.0778
December	0.0784	0.0774	0.0779