2015 MKD to MAD Historical Review

YEARLY HIGH

0.1823 MAD

YEARLY LOW

0.1726 MAD

YEARLY AVERAGE

0.1759 MAD

2015 MKD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.1823. Conversely, the yearly low was recorded on March 15, dropping to 0.1726.

This high-to-low spread represents a total annual volatility of 0.0097 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1781 to the December average rate of 0.1753, the exchange rate registered a net change of -1.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.1823 was down 0.73% compared to the 2014 peak of 0.1837, 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 912 MAD

2014 Average 907 MAD

Yearly Trough Low 863 MAD

Transaction Impact: A difference of 48.67 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.1785

0.1735

JanuMarcMayJulySeptNove

MKD to MAD 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 0.1759, compared to 0.1760 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.1759

H2 Avg (Jul–Dec) 0.1760

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0068 MAD (High: 0.1823 / Low: 0.1755). On the other end, February was the most stable month, with a tight range of 0.0017 MAD (High: 0.1770 / Low: 0.1753).

January Spread (Volatile) ±0.0068

February Spread (Stable) ±0.0017

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 0.0038 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 0.1781) against the same month in 2014 (average: 0.1822), the exchange rate shifted by -0.0042 (-2.28%).

2015 Avg (January) 0.1781

2014 Avg (January) 0.1822

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1823	0.1755	0.1781
February	0.1770	0.1753	0.1760
March	0.1755	0.1726	0.1739
April	0.1765	0.1733	0.1742
May	0.1781	0.1746	0.1764
June	0.1775	0.1745	0.1766
July	0.1763	0.1743	0.1754
August	0.1788	0.1747	0.1764
September	0.1786	0.1757	0.1771
October	0.1815	0.1755	0.1777
November	0.1757	0.1730	0.1740
December	0.1762	0.1732	0.1753