2012 MKD to RSD Historical Review

YEARLY HIGH

1.9480 RSD

YEARLY LOW

1.6867 RSD

YEARLY AVERAGE

1.8330 RSD

2012 MKD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MKD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 1.9480. Conversely, the yearly low was recorded on January 11, dropping to 1.6867.

This high-to-low spread represents a total annual volatility of 0.2613 RSD. From a start-to-finish perspective, comparing the January average rate of 1.7079 to the December average rate of 1.8300, the exchange rate registered a net change of 7.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.9480 was up 12.44% compared to the 2011 peak of 1.7325, 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 9,740 RSD

2011 Average 8,282 RSD

Yearly Trough Low 8,434 RSD

Transaction Impact: A difference of 1,306.37 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.9291

1.6878

JanuMarcMayJulySeptNove

MKD to RSD 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 1.8010, compared to 1.8651 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0641 points.

H1 Avg (Jan–Jun) 1.8010

H2 Avg (Jul–Dec) 1.8651

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 0.1224 RSD (High: 1.9198 / Low: 1.7974). On the other end, March was the most stable month, with a tight range of 0.0147 RSD (High: 1.8065 / Low: 1.7918).

September Spread (Volatile) ±0.1224

March Spread (Stable) ±0.0147

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0476 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0476

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 1.9059) against the same month in 2011 (average: 1.6596), the exchange rate shifted by +0.2463 (+14.84%).

2012 Avg (July) 1.9059

2011 Avg (July) 1.6596

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7238	1.6867	1.7079
February	1.8033	1.7038	1.7573
March	1.8065	1.7918	1.8006
April	1.8203	1.7996	1.8129
May	1.9274	1.8158	1.8478
June	1.9242	1.8537	1.8793
July	1.9480	1.8663	1.9059
August	1.9423	1.8709	1.9090
September	1.9198	1.7974	1.8614
October	1.8704	1.7998	1.8434
November	1.8558	1.8074	1.8408
December	1.8671	1.8093	1.8300