2012 VEF to MKD Historical Review

YEARLY HIGH

11.8154 MKD

YEARLY LOW

10.6653 MKD

YEARLY AVERAGE

11.1590 MKD

2012 VEF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the VEF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 25, valuing the pair at 11.8154. Conversely, the yearly low was recorded on February 26, dropping to 10.6653.

This high-to-low spread represents a total annual volatility of 1.1502 MKD. From a start-to-finish perspective, comparing the January average rate of 11.0919 to the December average rate of 10.9982, the exchange rate registered a net change of -0.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 11.8154 was up 6.48% compared to the 2011 peak of 11.0965, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 59,077 MKD

2011 Average 51,364 MKD

Yearly Trough Low 53,326 MKD

Transaction Impact: A difference of 5,750.85 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

11.6826

10.7555

JanuMarcMayJulySeptNove

VEF 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 11.0351, compared to 11.2830 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2479 points.

H1 Avg (Jan–Jun) 11.0351

H2 Avg (Jul–Dec) 11.2830

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.6334 MKD (High: 11.4519 / Low: 10.8185). On the other end, December was the most stable month, with a tight range of 0.0696 MKD (High: 11.0318 / Low: 10.9622).

May Spread (Volatile) ±0.6334

December Spread (Stable) ±0.0696

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.3029 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.3029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 11.5809) against the same month in 2011 (average: 10.0044), the exchange rate shifted by +1.5765 (+15.76%).

2012 Avg (July) 11.5809

2011 Avg (July) 10.0044

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.2900	10.8650	11.0919
February	11.0016	10.6653	10.8328
March	10.9688	10.7319	10.8374
April	10.9581	10.7319	10.8688
May	11.4519	10.8185	11.1601
June	11.4978	11.3020	11.4194
July	11.8154	11.3779	11.5809
August	11.6624	11.4221	11.6053
September	11.4758	11.0185	11.3025
October	11.1607	10.9987	11.0808
November	11.1589	11.0466	11.1303
December	11.0318	10.9622	10.9982