2012 PEN to MKD Historical Review

YEARLY HIGH

19.2711 MKD

YEARLY LOW

17.0801 MKD

YEARLY AVERAGE

18.1652 MKD

2012 PEN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the PEN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 19.2711. Conversely, the yearly low was recorded on February 26, dropping to 17.0801.

This high-to-low spread represents a total annual volatility of 2.1910 MKD. From a start-to-finish perspective, comparing the January average rate of 17.6836 to the December average rate of 18.3950, the exchange rate registered a net change of 4.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 19.2711 was up 9.12% compared to the 2011 peak of 17.6612, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 96,356 MKD

2011 Average 80,131 MKD

Yearly Trough Low 85,401 MKD

Transaction Impact: A difference of 10,955.03 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

19.2060

17.1605

JanuMarcMayJulySeptNove

PEN 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 17.7162, compared to 18.6142 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8980 points.

H1 Avg (Jan–Jun) 17.7162

H2 Avg (Jul–Dec) 18.6142

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 0.9489 MKD (High: 19.2711 / Low: 18.3223). On the other end, October was the most stable month, with a tight range of 0.2224 MKD (High: 18.4559 / Low: 18.2335).

July Spread (Volatile) ±0.9489

October Spread (Stable) ±0.2224

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.3955 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.3955

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 18.8606) against the same month in 2011 (average: 15.6763), the exchange rate shifted by +3.1843 (+20.31%).

2012 Avg (July) 18.8606

2011 Avg (July) 15.6763

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.0051	17.3262	17.6836
February	17.5870	17.0801	17.3310
March	17.6281	17.2611	17.4157
April	17.6901	17.2639	17.5629
May	18.1581	17.5867	17.9672
June	18.5138	18.1382	18.3371
July	19.2711	18.3223	18.8606
August	19.1811	18.7509	19.0355
September	18.9784	18.1672	18.6400
October	18.4559	18.2335	18.3663
November	18.5530	18.2797	18.3878
December	18.5385	18.2729	18.3950