2012 MKD to VUV Historical Review

YEARLY HIGH

1.9797 VUV

YEARLY LOW

1.7956 VUV

YEARLY AVERAGE

1.9065 VUV

2012 MKD to VUV Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MKD to VUV exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 1.9797. Conversely, the yearly low was recorded on July 24, dropping to 1.7956.

This high-to-low spread represents a total annual volatility of 0.1841 VUV. From a start-to-finish perspective, comparing the January average rate of 1.9342 to the December average rate of 1.9262, the exchange rate registered a net change of -0.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.9797 was down 9.16% compared to the 2011 peak of 2.1793, 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 9,899 VUV

2011 Average 10,324 VUV

Yearly Trough Low 8,978 VUV

Transaction Impact: A difference of 920.51 VUV purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.9494

1.8278

JanuMarcMayJulySeptNove

MKD to VUV 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 1.9251, compared to 1.8879 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0372 points.

H1 Avg (Jan–Jun) 1.9251

H2 Avg (Jul–Dec) 1.8879

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 0.1133 VUV (High: 1.9265 / Low: 1.8132). On the other end, December was the most stable month, with a tight range of 0.0253 VUV (High: 1.9369 / Low: 1.9116).

September Spread (Volatile) ±0.1133

December Spread (Stable) ±0.0253

Growth Streaks & Declines

Trends

Between February and May, 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 June and July, when the average rate fell by 0.0732 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0732

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2012: 1.9112) against the same month in 2011 (average: 2.0795), the exchange rate shifted by -0.1683 (-8.10%).

2012 Avg (June) 1.9112

2011 Avg (June) 2.0795

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9653	1.9099	1.9342
February	1.9642	1.8703	1.9141
March	1.9473	1.8819	1.9179
April	1.9629	1.9122	1.9342
May	1.9611	1.9270	1.9393
June	1.9797	1.8691	1.9112
July	1.8971	1.7956	1.8380
August	1.8808	1.8201	1.8399
September	1.9265	1.8132	1.8784
October	1.9379	1.9039	1.9242
November	1.9386	1.9074	1.9208
December	1.9369	1.9116	1.9262