2013 SAR to MKD Historical Review

YEARLY HIGH

12.8394 MKD

YEARLY LOW

11.7914 MKD

YEARLY AVERAGE

12.4088 MKD

2013 SAR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the SAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 12.8394. Conversely, the yearly low was recorded on November 4, dropping to 11.7914.

This high-to-low spread represents a total annual volatility of 1.0481 MKD. From a start-to-finish perspective, comparing the January average rate of 12.5661 to the December average rate of 11.9897, the exchange rate registered a net change of -4.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 12.8394 was down 5.04% compared to the 2012 peak of 13.5211, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 64,197 MKD

2012 Average 63,890 MKD

Yearly Trough Low 58,957 MKD

Transaction Impact: A difference of 5,240.28 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

12.7377

11.9217

JanuMarcMayJulySeptNove

SAR 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 12.5915, compared to 12.2261 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3654 points.

H1 Avg (Jan–Jun) 12.5915

H2 Avg (Jul–Dec) 12.2261

Volatility Range Comparison

Volatility

The most volatile month in 2013 was June, with a trading range of 0.5103 MKD (High: 12.7998 / Low: 12.2895). On the other end, January was the most stable month, with a tight range of 0.0332 MKD (High: 12.5888 / Low: 12.5557).

June Spread (Volatile) ±0.5103

January Spread (Stable) ±0.0332

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 September and October, when the average rate fell by 0.2902 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2902

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2013: 12.6326) against the same month in 2012 (average: 12.4461), the exchange rate shifted by +0.1865 (+1.50%).

2013 Avg (April) 12.6326

2012 Avg (April) 12.4461

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.5888	12.5557	12.5661
February	12.5610	12.5074	12.5530
March	12.7844	12.4738	12.6300
April	12.8394	12.5160	12.6326
May	12.8131	12.5500	12.6697
June	12.7998	12.2895	12.4979
July	12.7800	12.3851	12.5504
August	12.4107	12.2692	12.3503
September	12.5051	12.1320	12.3180
October	12.1441	11.8819	12.0278
November	12.2602	11.7914	12.1206
December	12.1311	11.8955	11.9897