2015 TOP to MKD Historical Review

YEARLY HIGH

29.0988 MKD

YEARLY LOW

23.9852 MKD

YEARLY AVERAGE

26.2032 MKD

2015 TOP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the TOP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 29.0988. Conversely, the yearly low was recorded on August 24, dropping to 23.9852.

This high-to-low spread represents a total annual volatility of 5.1136 MKD. From a start-to-finish perspective, comparing the January average rate of 26.5453 to the December average rate of 25.1694, the exchange rate registered a net change of -5.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 29.0988 was up 13.11% compared to the 2014 peak of 25.7268, 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 145,494 MKD

2014 Average 122,909 MKD

Yearly Trough Low 119,926 MKD

Transaction Impact: A difference of 25,568.12 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

28.5979

24.1284

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 27.2293, compared to 25.1771 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.0522 points.

H1 Avg (Jan–Jun) 27.2293

H2 Avg (Jul–Dec) 25.1771

Volatility Range Comparison

Volatility

The most volatile month in 2015 was June, with a trading range of 2.0257 MKD (High: 27.4161 / Low: 25.3904). On the other end, November was the most stable month, with a tight range of 0.7630 MKD (High: 26.0553 / Low: 25.2922).

June Spread (Volatile) ±2.0257

November Spread (Stable) ±0.7630

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 July and August, when the average rate fell by 1.0212 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.0212

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 28.2254) against the same month in 2014 (average: 24.0256), the exchange rate shifted by +4.1999 (+17.48%).

2015 Avg (March) 28.2254

2014 Avg (March) 24.0256

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.4699	25.6511	26.5453
February	27.5095	26.5958	26.9947
March	29.0988	27.5309	28.2254
April	28.5175	27.2132	28.1126
May	27.8708	26.5495	27.2244
June	27.4161	25.3904	26.2733
July	26.3774	25.2199	25.8863
August	25.4169	23.9852	24.8651
September	25.5339	24.1232	24.8509
October	25.3890	24.1214	24.5009
November	26.0553	25.2922	25.7900
December	25.8408	24.5879	25.1694