2013 MKD to RSD Historical Review

YEARLY HIGH

1.9100 RSD

YEARLY LOW

1.7249 RSD

YEARLY AVERAGE

1.8300 RSD

2013 MKD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the MKD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 4, valuing the pair at 1.9100. Conversely, the yearly low was recorded on February 3, dropping to 1.7249.

This high-to-low spread represents a total annual volatility of 0.1851 RSD. From a start-to-finish perspective, comparing the January average rate of 1.7865 to the December average rate of 1.8623, the exchange rate registered a net change of 4.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 1.9100 was down 1.95% compared to the 2012 peak of 1.9480, 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 9,550 RSD

2012 Average 9,166 RSD

Yearly Trough Low 8,624 RSD

Transaction Impact: A difference of 925.34 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

1.8715

1.7612

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 1.8045, compared to 1.8554 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0509 points.

H1 Avg (Jan–Jun) 1.8045

H2 Avg (Jul–Dec) 1.8554

Volatility Range Comparison

Volatility

The most volatile month in 2013 was February, with a trading range of 0.0902 RSD (High: 1.8150 / Low: 1.7249). On the other end, December was the most stable month, with a tight range of 0.0246 RSD (High: 1.8702 / Low: 1.8456).

February Spread (Volatile) ±0.0902

December Spread (Stable) ±0.0246

Growth Streaks & Declines

Trends

Between May and July, 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 0.0162 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0162

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2013: 1.8595) against the same month in 2012 (average: 1.8408), the exchange rate shifted by +0.0187 (+1.02%).

2013 Avg (November) 1.8595

2012 Avg (November) 1.8408

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8210	1.7430	1.7865
February	1.8150	1.7249	1.7704
March	1.8314	1.8050	1.8194
April	1.8164	1.7877	1.8067
May	1.8139	1.7825	1.7987
June	1.8747	1.8063	1.8454
July	1.8826	1.8232	1.8493
August	1.8630	1.8346	1.8485
September	1.8711	1.8356	1.8579
October	1.8720	1.8336	1.8548
November	1.9100	1.8432	1.8595
December	1.8702	1.8456	1.8623