2012 MKD to RWF Historical Review

YEARLY HIGH

13.3064 RWF

YEARLY LOW

12.0208 RWF

YEARLY AVERAGE

12.7305 RWF

2012 MKD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MKD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 13.3064. Conversely, the yearly low was recorded on July 26, dropping to 12.0208.

This high-to-low spread represents a total annual volatility of 1.2856 RWF. From a start-to-finish perspective, comparing the January average rate of 12.6110 to the December average rate of 13.1902, the exchange rate registered a net change of 4.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 13.3064 was down 8.25% compared to the 2011 peak of 14.5025, 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 66,532 RWF

2011 Average 67,692 RWF

Yearly Trough Low 60,104 RWF

Transaction Impact: A difference of 6,428.04 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

13.2845

12.1524

JanuMarcMayJulySeptNove

MKD to RWF 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 12.7249, compared to 12.7361 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0112 points.

H1 Avg (Jan–Jun) 12.7249

H2 Avg (Jul–Dec) 12.7361

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.7090 RWF (High: 13.0066 / Low: 12.2975). On the other end, November was the most stable month, with a tight range of 0.1605 RWF (High: 13.1136 / Low: 12.9531).

May Spread (Volatile) ±0.7090

November Spread (Stable) ±0.1605

Growth Streaks & Declines

Trends

Between July and October, 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 April and May, when the average rate fell by 0.3304 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3304

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 13.1902) against the same month in 2011 (average: 12.8787), the exchange rate shifted by +0.3115 (+2.42%).

2012 Avg (December) 13.1902

2011 Avg (December) 12.8787

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.8930	12.3632	12.6110
February	13.1760	12.7272	12.9184
March	13.1314	12.7743	12.9593
April	13.1358	12.7724	12.9282
May	13.0066	12.2975	12.5978
June	12.5066	12.2292	12.3345
July	12.4757	12.0208	12.2467
August	12.4986	12.1725	12.2764
September	13.0472	12.3808	12.6501
October	13.2180	12.9427	13.0503
November	13.1136	12.9531	13.0028
December	13.3064	13.1066	13.1902