2015 SAR to MKD Historical Review

YEARLY HIGH

15.6507 MKD

YEARLY LOW

13.4800 MKD

YEARLY AVERAGE

14.7772 MKD

2015 SAR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the SAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 15.6507. Conversely, the yearly low was recorded on January 7, dropping to 13.4800.

This high-to-low spread represents a total annual volatility of 2.1706 MKD. From a start-to-finish perspective, comparing the January average rate of 14.0055 to the December average rate of 15.0453, the exchange rate registered a net change of 7.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 15.6507 was up 16.11% compared to the 2014 peak of 13.4791, 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 78,253 MKD

2014 Average 61,869 MKD

Yearly Trough Low 67,400 MKD

Transaction Impact: A difference of 10,853.11 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

15.4199

13.8769

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 14.6922, compared to 14.8622 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1700 points.

H1 Avg (Jan–Jun) 14.6922

H2 Avg (Jul–Dec) 14.8622

Volatility Range Comparison

Volatility

The most volatile month in 2015 was March, with a trading range of 1.0011 MKD (High: 15.6507 / Low: 14.6496). On the other end, February was the most stable month, with a tight range of 0.2885 MKD (High: 14.6405 / Low: 14.3520).

March Spread (Volatile) ±1.0011

February Spread (Stable) ±0.2885

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 April and May, when the average rate fell by 0.4757 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4757

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 15.1730) against the same month in 2014 (average: 11.8911), the exchange rate shifted by +3.2820 (+27.60%).

2015 Avg (March) 15.1730

2014 Avg (March) 11.8911

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.4577	13.4800	14.0055
February	14.6405	14.3520	14.4484
March	15.6507	14.6496	15.1730
April	15.4014	14.6841	15.1838
May	15.0588	14.3411	14.7081
June	15.0469	14.4603	14.6343
July	15.1324	14.7225	14.9187
August	15.0567	14.2149	14.7370
September	14.7903	14.4631	14.6077
October	14.9786	14.4019	14.5733
November	15.5109	14.9098	15.2914
December	15.4659	14.9189	15.0453