2015 NIO to MKD Historical Review

YEARLY HIGH

2.1944 MKD

YEARLY LOW

1.8979 MKD

YEARLY AVERAGE

2.0471 MKD

2015 NIO to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the NIO to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 2.1944. Conversely, the yearly low was recorded on January 2, dropping to 1.8979.

This high-to-low spread represents a total annual volatility of 0.2965 MKD. From a start-to-finish perspective, comparing the January average rate of 1.9797 to the December average rate of 2.0253, the exchange rate registered a net change of 2.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.1944 was up 14.96% compared to the 2014 peak of 1.9089, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NIO based on timing:

Yearly Peak High 10,972 MKD

2014 Average 8,931 MKD

Yearly Trough Low 9,490 MKD

Transaction Impact: A difference of 1,482.61 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

2.1447

1.9647

JanuMarcMayJulySeptNove

NIO to MKD 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 2.0602, compared to 2.0340 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0262 points.

H1 Avg (Jan–Jun) 2.0602

H2 Avg (Jul–Dec) 2.0340

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.1462 MKD (High: 2.0441 / Low: 1.8979). On the other end, February was the most stable month, with a tight range of 0.0374 MKD (High: 2.0575 / Low: 2.0200).

January Spread (Volatile) ±0.1462

February Spread (Stable) ±0.0374

Growth Streaks & Declines

Trends

Between January and March, 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 0.0694 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0694

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 2.1297) against the same month in 2014 (average: 1.7452), the exchange rate shifted by +0.3845 (+22.03%).

2015 Avg (March) 2.1297

2014 Avg (March) 1.7452

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0441	1.8979	1.9797
February	2.0575	2.0200	2.0329
March	2.1944	2.0571	2.1297
April	2.1535	2.0573	2.1250
May	2.0978	1.9992	2.0556
June	2.0947	2.0092	2.0383
July	2.1054	2.0498	2.0717
August	2.0721	1.9543	2.0289
September	2.0404	1.9683	2.0001
October	2.0473	1.9635	1.9890
November	2.1199	2.0334	2.0890
December	2.0806	2.0056	2.0253