2015 TND to MKD Historical Review

YEARLY HIGH

29.6287 MKD

YEARLY LOW

26.8061 MKD

YEARLY AVERAGE

28.2615 MKD

2015 TND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the TND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 16, valuing the pair at 29.6287. Conversely, the yearly low was recorded on January 7, dropping to 26.8061.

This high-to-low spread represents a total annual volatility of 2.8225 MKD. From a start-to-finish perspective, comparing the January average rate of 27.5489 to the December average rate of 27.8624, the exchange rate registered a net change of 1.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 29.6287 was up 3.99% compared to the 2014 peak of 28.4932, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 148,143 MKD

2014 Average 136,734 MKD

Yearly Trough Low 134,031 MKD

Transaction Impact: A difference of 14,112.64 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

29.3090

27.3888

JanuMarcMayJulySeptNove

TND 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 28.4385, compared to 28.0845 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3540 points.

H1 Avg (Jan–Jun) 28.4385

H2 Avg (Jul–Dec) 28.0845

Volatility Range Comparison

Volatility

The most volatile month in 2015 was March, with a trading range of 1.4429 MKD (High: 29.6287 / Low: 28.1858). On the other end, November was the most stable month, with a tight range of 0.2735 MKD (High: 28.3095 / Low: 28.0360).

March Spread (Volatile) ±1.4429

November Spread (Stable) ±0.2735

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 0.6165 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6165

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 29.0181) against the same month in 2014 (average: 28.2774), the exchange rate shifted by +0.7407 (+2.62%).

2015 Avg (March) 29.0181

2014 Avg (March) 28.2774

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.1084	26.8061	27.5489
February	28.1975	27.9018	28.0780
March	29.6287	28.1858	29.0181
April	29.3510	28.7711	29.1489
May	28.8122	28.1536	28.5324
June	28.6817	28.1431	28.3047
July	28.6267	28.2870	28.4531
August	28.5708	27.7657	28.2729
September	28.2318	27.7137	27.9694
October	28.0431	27.1017	27.7704
November	28.3095	28.0360	28.1789
December	28.1353	27.6815	27.8624