2012 MKD to TOP Historical Review

YEARLY HIGH

0.0373 TOP

YEARLY LOW

0.0347 TOP

YEARLY AVERAGE

0.0363 TOP

2012 MKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 22, valuing the pair at 0.0373. Conversely, the yearly low was recorded on August 16, dropping to 0.0347.

This high-to-low spread represents a total annual volatility of 0.0026 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0366 to the December average rate of 0.0368, the exchange rate registered a net change of 0.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0373 was down 15.54% compared to the 2011 peak of 0.0441, 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 186 TOP

2011 Average 199 TOP

Yearly Trough Low 173 TOP

Transaction Impact: A difference of 12.92 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0370

0.0350

JanuMarcMayJulySeptNove

MKD to TOP 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 0.0365, compared to 0.0361 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0365

H2 Avg (Jul–Dec) 0.0361

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 0.0020 TOP (High: 0.0368 / Low: 0.0348). On the other end, June was the most stable month, with a tight range of 0.0005 TOP (High: 0.0367 / Low: 0.0362).

July Spread (Volatile) ±0.0020

June Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.0007 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2012: 0.0366) against the same month in 2011 (average: 0.0413), the exchange rate shifted by -0.0047 (-11.35%).

2012 Avg (May) 0.0366

2011 Avg (May) 0.0413

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0372	0.0361	0.0366
February	0.0371	0.0358	0.0364
March	0.0367	0.0357	0.0363
April	0.0368	0.0362	0.0365
May	0.0373	0.0353	0.0366
June	0.0367	0.0362	0.0365
July	0.0368	0.0348	0.0358
August	0.0357	0.0347	0.0351
September	0.0368	0.0348	0.0359
October	0.0371	0.0360	0.0366
November	0.0373	0.0357	0.0364
December	0.0373	0.0367	0.0368