2015 MKD to TOP Historical Review

YEARLY HIGH

0.0417 TOP

YEARLY LOW

0.0344 TOP

YEARLY AVERAGE

0.0383 TOP

2015 MKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 0.0417. Conversely, the yearly low was recorded on March 15, dropping to 0.0344.

This high-to-low spread represents a total annual volatility of 0.0073 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0377 to the December average rate of 0.0397, the exchange rate registered a net change of 5.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0417 was down 0.80% compared to the 2014 peak of 0.0420, 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 208 TOP

2014 Average 203 TOP

Yearly Trough Low 172 TOP

Transaction Impact: A difference of 36.63 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0414

0.0349

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 0.0368, compared to 0.0397 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.0368

H2 Avg (Jul–Dec) 0.0397

Volatility Range Comparison

Volatility

The most volatile month in 2015 was June, with a trading range of 0.0029 TOP (High: 0.0394 / Low: 0.0365). On the other end, November was the most stable month, with a tight range of 0.0012 TOP (High: 0.0395 / Low: 0.0384).

June Spread (Volatile) ±0.0029

November Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between March and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0020 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2015: 0.0402) against the same month in 2014 (average: 0.0403), the exchange rate shifted by -0.0001 (-0.15%).

2015 Avg (August) 0.0402

2014 Avg (August) 0.0403

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0390	0.0364	0.0377
February	0.0376	0.0364	0.0370
March	0.0363	0.0344	0.0354
April	0.0367	0.0351	0.0356
May	0.0377	0.0359	0.0367
June	0.0394	0.0365	0.0381
July	0.0397	0.0379	0.0386
August	0.0417	0.0393	0.0402
September	0.0415	0.0392	0.0402
October	0.0415	0.0394	0.0408
November	0.0395	0.0384	0.0388
December	0.0407	0.0387	0.0397