2015 MKD to STD Historical Review

YEARLY HIGH

408.8685 STD

YEARLY LOW

393.1634 STD

YEARLY AVERAGE

398.2465 STD

2015 MKD to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 408.8685. Conversely, the yearly low was recorded on August 2, dropping to 393.1634.

This high-to-low spread represents a total annual volatility of 15.7051 STD. From a start-to-finish perspective, comparing the January average rate of 400.0011 to the December average rate of 398.1376, the exchange rate registered a net change of -0.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 408.8685 was up 1.65% compared to the 2014 peak of 402.2479, 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 2,044,342 STD

2014 Average 1,990,336 STD

Yearly Trough Low 1,965,817 STD

Transaction Impact: A difference of 78,525.65 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

400.2439

397.3304

JanuMarcMayJulySeptNove

MKD to STD 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 398.3326, compared to 398.1604 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1722 points.

H1 Avg (Jan–Jun) 398.3326

H2 Avg (Jul–Dec) 398.1604

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 14.9438 STD (High: 408.8685 / Low: 393.9247). On the other end, February was the most stable month, with a tight range of 3.5448 STD (High: 399.8882 / Low: 396.3434).

January Spread (Volatile) ±14.9438

February Spread (Stable) ±3.5448

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2015. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.5878 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.5878

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 400.0011) against the same month in 2014 (average: 398.5504), the exchange rate shifted by +1.4507 (+0.36%).

2015 Avg (January) 400.0011

2014 Avg (January) 398.5504

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	408.8685	393.9247	400.0011
February	399.8882	396.3434	398.4132
March	400.1893	396.1352	397.6319
April	402.1169	395.2375	398.1884
May	400.3663	393.9084	397.6876
June	401.3594	394.2909	398.0734
July	399.5004	394.9584	397.5732
August	403.5019	393.1634	398.0941
September	401.9125	394.3708	397.9933
October	408.7594	394.3629	399.1404
November	399.6799	394.8939	398.0239
December	401.8985	395.4585	398.1376