2012 MKD to VEF Historical Review

YEARLY HIGH

0.0938 VEF

YEARLY LOW

0.0846 VEF

YEARLY AVERAGE

0.0897 VEF

2012 MKD to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MKD to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 0.0938. Conversely, the yearly low was recorded on July 25, dropping to 0.0846.

This high-to-low spread represents a total annual volatility of 0.0091 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0902 to the December average rate of 0.0909, the exchange rate registered a net change of 0.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0938 was down 9.98% compared to the 2011 peak of 0.1042, 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 469 VEF

2011 Average 487 VEF

Yearly Trough Low 423 VEF

Transaction Impact: A difference of 45.64 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0929

0.0856

JanuMarcMayJulySeptNove

MKD to VEF 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 0.0907, compared to 0.0887 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0907

H2 Avg (Jul–Dec) 0.0887

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0051 VEF (High: 0.0924 / Low: 0.0873). On the other end, December was the most stable month, with a tight range of 0.0006 VEF (High: 0.0912 / Low: 0.0906).

May Spread (Volatile) ±0.0051

December Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between August and October, 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 April and May, when the average rate fell by 0.0024 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2012: 0.0923) against the same month in 2011 (average: 0.0955), the exchange rate shifted by -0.0032 (-3.37%).

2012 Avg (February) 0.0923

2011 Avg (February) 0.0955

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0920	0.0886	0.0902
February	0.0938	0.0909	0.0923
March	0.0932	0.0912	0.0923
April	0.0932	0.0913	0.0920
May	0.0924	0.0873	0.0896
June	0.0885	0.0870	0.0876
July	0.0879	0.0846	0.0864
August	0.0875	0.0857	0.0862
September	0.0908	0.0871	0.0885
October	0.0909	0.0896	0.0902
November	0.0905	0.0896	0.0898
December	0.0912	0.0906	0.0909