2015 SHP to MKD Historical Review

YEARLY HIGH

88.3317 MKD

YEARLY LOW

76.4640 MKD

YEARLY AVERAGE

84.7112 MKD

2015 SHP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the SHP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 88.3317. Conversely, the yearly low was recorded on January 7, dropping to 76.4640.

This high-to-low spread represents a total annual volatility of 11.8677 MKD. From a start-to-finish perspective, comparing the January average rate of 79.7327 to the December average rate of 84.6155, the exchange rate registered a net change of 6.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 88.3317 was up 11.42% compared to the 2014 peak of 79.2803, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 441,659 MKD

2014 Average 381,931 MKD

Yearly Trough Low 382,320 MKD

Transaction Impact: A difference of 59,338.37 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

87.8355

78.9961

JanuMarcMayJulySeptNove

SHP 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 83.9839, compared to 85.4385 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4547 points.

H1 Avg (Jan–Jun) 83.9839

H2 Avg (Jul–Dec) 85.4385

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 5.6745 MKD (High: 82.1386 / Low: 76.4640). On the other end, November was the most stable month, with a tight range of 1.9827 MKD (High: 87.9263 / Low: 85.9435).

January Spread (Volatile) ±5.6745

November Spread (Stable) ±1.9827

Growth Streaks & Declines

Trends

Between April and July, 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 2.4834 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.4834

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2015: 87.0374) against the same month in 2014 (average: 77.4550), the exchange rate shifted by +9.5824 (+12.37%).

2015 Avg (July) 87.0374

2014 Avg (July) 77.4550

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	82.1386	76.4640	79.7327
February	84.7548	81.7046	83.1103
March	86.7320	83.6072	85.1613
April	86.2613	83.8462	85.1313
May	86.8583	83.0377	85.2117
June	87.1243	83.9867	85.5558
July	88.3317	85.6007	87.0374
August	88.0266	83.6237	86.1042
September	85.1889	82.6938	83.9879
October	86.4298	82.7126	83.7872
November	87.9263	85.9435	87.0989
December	87.1790	83.3171	84.6155