2015 PEN to MKD Historical Review

YEARLY HIGH

18.9124 MKD

YEARLY LOW

16.2602 MKD

YEARLY AVERAGE

17.4292 MKD

2015 PEN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the PEN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 18.9124. Conversely, the yearly low was recorded on August 24, dropping to 16.2602.

This high-to-low spread represents a total annual volatility of 2.6522 MKD. From a start-to-finish perspective, comparing the January average rate of 17.5040 to the December average rate of 16.7129, the exchange rate registered a net change of -4.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 18.9124 was up 11.05% compared to the 2014 peak of 17.0300, 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 94,562 MKD

2014 Average 81,714 MKD

Yearly Trough Low 81,301 MKD

Transaction Impact: A difference of 13,261.08 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

18.5674

16.5443

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 17.7809, compared to 17.0775 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7033 points.

H1 Avg (Jan–Jun) 17.7809

H2 Avg (Jul–Dec) 17.0775

Volatility Range Comparison

Volatility

The most volatile month in 2015 was August, with a trading range of 1.4255 MKD (High: 17.6857 / Low: 16.2602). On the other end, November was the most stable month, with a tight range of 0.2437 MKD (High: 17.2882 / Low: 17.0444).

August Spread (Volatile) ±1.4255

November Spread (Stable) ±0.2437

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 0.7407 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7407

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 18.3988) against the same month in 2014 (average: 15.8907), the exchange rate shifted by +2.5081 (+15.78%).

2015 Avg (March) 18.3988

2014 Avg (March) 15.8907

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.9206	16.8747	17.5040
February	17.7578	17.5011	17.6122
March	18.9124	17.7477	18.3988
April	18.5200	17.6060	18.2729
May	17.9091	17.0965	17.5322
June	17.8919	17.1303	17.3651
July	17.8650	17.3766	17.5930
August	17.6857	16.2602	17.0850
September	17.2777	16.7971	17.0336
October	17.1359	16.5290	16.8418
November	17.2882	17.0444	17.1988
December	17.2227	16.4841	16.7129