2015 MKD to RSD Historical Review

YEARLY HIGH

2.0455 RSD

YEARLY LOW

1.9379 RSD

YEARLY AVERAGE

1.9625 RSD

2015 MKD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 2.0455. Conversely, the yearly low was recorded on March 22, dropping to 1.9379.

This high-to-low spread represents a total annual volatility of 0.1076 RSD. From a start-to-finish perspective, comparing the January average rate of 2.0024 to the December average rate of 1.9801, the exchange rate registered a net change of -1.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.0455 was up 2.33% compared to the 2014 peak of 1.9990, 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 10,227 RSD

2014 Average 9,523 RSD

Yearly Trough Low 9,690 RSD

Transaction Impact: A difference of 537.86 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

2.0077

1.9451

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 1.9655, compared to 1.9595 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 1.9655

H2 Avg (Jul–Dec) 1.9595

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0794 RSD (High: 2.0455 / Low: 1.9661). On the other end, June was the most stable month, with a tight range of 0.0081 RSD (High: 1.9605 / Low: 1.9524).

January Spread (Volatile) ±0.0794

June Spread (Stable) ±0.0081

Growth Streaks & Declines

Trends

Between September and December, 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 January and February, when the average rate fell by 0.0307 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0307

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 2.0024) against the same month in 2014 (average: 1.8755), the exchange rate shifted by +0.1269 (+6.77%).

2015 Avg (January) 2.0024

2014 Avg (January) 1.8755

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0455	1.9661	2.0024
February	2.0094	1.9462	1.9717
March	1.9673	1.9379	1.9533
April	1.9602	1.9408	1.9503
May	1.9655	1.9487	1.9582
June	1.9605	1.9524	1.9570
July	1.9583	1.9434	1.9516
August	1.9657	1.9483	1.9537
September	1.9656	1.9405	1.9523
October	2.0143	1.9406	1.9586
November	1.9714	1.9493	1.9605
December	1.9983	1.9687	1.9801