YEARLY HIGH
6.6818 MKD
YEARLY LOW
4.2604 MKD
YEARLY AVERAGE
6.0231 MKD

2015 ARS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ARS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 6.6818. Conversely, the yearly low was recorded on December 17, dropping to 4.2604.

This high-to-low spread represents a total annual volatility of 2.4213 MKD. From a start-to-finish perspective, comparing the January average rate of 6.1190 to the December average rate of 5.0883, the exchange rate registered a net change of -16.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 6.6818 was down 2.87% compared to the 2014 peak of 6.8789, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33,409 MKD
2014 Average 28,660 MKD
Yearly Trough Low 21,302 MKD
Transaction Impact: A difference of 12,106.62 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

6.6219
4.9489
JanuMarcMayJulySeptNove

ARS 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 6.2501, compared to 5.7962 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4540 points.

H1 Avg (Jan–Jun) 6.2501
H2 Avg (Jul–Dec) 5.7962

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 1.7293 MKD (High: 5.9898 / Low: 4.2604). On the other end, February was the most stable month, with a tight range of 0.0850 MKD (High: 6.2953 / Low: 6.2103).

December Spread (Volatile) ±1.7293
February Spread (Stable) ±0.0850

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 November and December, when the average rate fell by 0.8843 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.8843

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 6.4824) against the same month in 2014 (average: 5.6278), the exchange rate shifted by +0.8547 (+15.19%).

2015 Avg (March) 6.4824
2014 Avg (March) 5.6278

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6.2958 5.9043 6.1190
February 6.2953 6.2103 6.2454
March 6.6818 6.2921 6.4824
April 6.5209 6.1744 6.4316
May 6.2869 6.0077 6.1602
June 6.2659 5.9653 6.0621
July 6.1996 6.0368 6.1196
August 6.1361 5.7517 5.9790
September 5.9440 5.7783 5.8490
October 5.9026 5.6829 5.7685
November 6.0467 5.8654 5.9726
December 5.9898 4.2604 5.0883