2015 MKD to ILS Historical Review

YEARLY HIGH

0.0784 ILS

YEARLY LOW

0.0666 ILS

YEARLY AVERAGE

0.0702 ILS

2015 MKD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.0784. Conversely, the yearly low was recorded on November 30, dropping to 0.0666.

This high-to-low spread represents a total annual volatility of 0.0118 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0751 to the December average rate of 0.0686, the exchange rate registered a net change of -8.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0784 was down 2.16% compared to the 2014 peak of 0.0801, 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 392 ILS

2014 Average 385 ILS

Yearly Trough Low 333 ILS

Transaction Impact: A difference of 58.86 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0758

0.0670

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 0.0710, compared to 0.0693 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0710

H2 Avg (Jul–Dec) 0.0693

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0060 ILS (High: 0.0784 / Low: 0.0724). On the other end, July was the most stable month, with a tight range of 0.0012 ILS (High: 0.0683 / Low: 0.0671).

January Spread (Volatile) ±0.0060

July Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between July and September, 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 0.0032 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 0.0751) against the same month in 2014 (average: 0.0773), the exchange rate shifted by -0.0023 (-2.94%).

2015 Avg (January) 0.0751

2014 Avg (January) 0.0773

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0784	0.0724	0.0751
February	0.0728	0.0709	0.0719
March	0.0727	0.0688	0.0703
April	0.0701	0.0684	0.0691
May	0.0709	0.0685	0.0700
June	0.0706	0.0683	0.0696
July	0.0683	0.0671	0.0677
August	0.0724	0.0671	0.0695
September	0.0724	0.0705	0.0714
October	0.0720	0.0691	0.0708
November	0.0692	0.0666	0.0678
December	0.0694	0.0669	0.0686