2015 RSD to MKD Historical Review

YEARLY HIGH

0.5160 MKD

YEARLY LOW

0.4889 MKD

YEARLY AVERAGE

0.5096 MKD

2015 RSD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the RSD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 0.5160. Conversely, the yearly low was recorded on January 25, dropping to 0.4889.

This high-to-low spread represents a total annual volatility of 0.0271 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4994 to the December average rate of 0.5050, the exchange rate registered a net change of 1.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.5160 was down 4.24% compared to the 2014 peak of 0.5389, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,580 MKD

2014 Average 2,626 MKD

Yearly Trough Low 2,444 MKD

Transaction Impact: A difference of 135.69 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.5141

0.4981

JanuMarcMayJulySeptNove

RSD 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 0.5088, compared to 0.5104 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.5088

H2 Avg (Jul–Dec) 0.5104

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0197 MKD (High: 0.5086 / Low: 0.4889). On the other end, June was the most stable month, with a tight range of 0.0021 MKD (High: 0.5122 / Low: 0.5101).

January Spread (Volatile) ±0.0197

June Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between January and April, 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 November and December, when the average rate fell by 0.0051 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 0.5120) against the same month in 2014 (average: 0.5328), the exchange rate shifted by -0.0209 (-3.92%).

2015 Avg (March) 0.5120

2014 Avg (March) 0.5328

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5086	0.4889	0.4994
February	0.5138	0.4977	0.5072
March	0.5160	0.5083	0.5120
April	0.5153	0.5102	0.5127
May	0.5132	0.5088	0.5107
June	0.5122	0.5101	0.5110
July	0.5146	0.5107	0.5124
August	0.5133	0.5087	0.5118
September	0.5153	0.5087	0.5122
October	0.5153	0.4964	0.5106
November	0.5130	0.5072	0.5101
December	0.5079	0.5004	0.5050