2013 TOP to MKD Historical Review

YEARLY HIGH

27.5720 MKD

YEARLY LOW

24.0141 MKD

YEARLY AVERAGE

26.0034 MKD

2013 TOP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the TOP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 27.5720. Conversely, the yearly low was recorded on December 30, dropping to 24.0141.

This high-to-low spread represents a total annual volatility of 3.5579 MKD. From a start-to-finish perspective, comparing the January average rate of 27.1709 to the December average rate of 24.2062, the exchange rate registered a net change of -10.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 27.5720 was down 4.34% compared to the 2012 peak of 28.8231, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 137,860 MKD

2012 Average 137,837 MKD

Yearly Trough Low 120,070 MKD

Transaction Impact: A difference of 17,789.45 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

27.5231

23.9047

JanuMarcMayJulySeptNove

TOP 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 27.0156, compared to 24.9912 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.0244 points.

H1 Avg (Jan–Jun) 27.0156

H2 Avg (Jul–Dec) 24.9912

Volatility Range Comparison

Volatility

The most volatile month in 2013 was June, with a trading range of 2.2778 MKD (High: 27.5720 / Low: 25.2942). On the other end, February was the most stable month, with a tight range of 0.2221 MKD (High: 27.2949 / Low: 27.0728).

June Spread (Volatile) ±2.2778

February Spread (Stable) ±0.2221

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.9375 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.9375

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2013: 26.2309) against the same month in 2012 (average: 27.4092), the exchange rate shifted by -1.1783 (-4.30%).

2013 Avg (June) 26.2309

2012 Avg (June) 27.4092

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.2976	27.0511	27.1709
February	27.2949	27.0728	27.2216
March	27.3748	26.8548	27.1009
April	27.4947	26.9423	27.2006
May	27.5656	26.9941	27.1685
June	27.5720	25.2942	26.2309
July	25.9263	25.2496	25.5069
August	25.3716	24.7782	25.0179
September	25.5266	24.4932	25.1428
October	25.4373	24.5998	25.0122
November	25.6244	24.4320	25.0612
December	24.5072	24.0141	24.2062