2014 AFN to MKD Historical Review

YEARLY HIGH

0.8702 MKD

YEARLY LOW

0.7761 MKD

YEARLY AVERAGE

0.8141 MKD

2014 AFN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AFN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.8702. Conversely, the yearly low was recorded on March 13, dropping to 0.7761.

This high-to-low spread represents a total annual volatility of 0.0941 MKD. From a start-to-finish perspective, comparing the January average rate of 0.8030 to the December average rate of 0.8614, the exchange rate registered a net change of 7.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.8702 was down 5.73% compared to the 2013 peak of 0.9231, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,351 MKD

2013 Average 4,256 MKD

Yearly Trough Low 3,881 MKD

Transaction Impact: A difference of 470.33 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.8692

0.7753

JanuMarcMayJulySeptNove

AFN 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 0.7909, compared to 0.8372 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0462 points.

H1 Avg (Jan–Jun) 0.7909

H2 Avg (Jul–Dec) 0.8372

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0295 MKD (High: 0.8583 / Low: 0.8289). On the other end, March was the most stable month, with a tight range of 0.0130 MKD (High: 0.7891 / Low: 0.7761).

September Spread (Volatile) ±0.0295

March Spread (Stable) ±0.0130

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0132 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0132

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.8614) against the same month in 2013 (average: 0.7884), the exchange rate shifted by +0.0730 (+9.26%).

2014 Avg (December) 0.8614

2013 Avg (December) 0.7884

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8109	0.7859	0.8030
February	0.8093	0.7865	0.7963
March	0.7891	0.7761	0.7831
April	0.7944	0.7797	0.7853
May	0.7968	0.7778	0.7887
June	0.7952	0.7804	0.7892
July	0.8119	0.7853	0.7978
August	0.8286	0.7997	0.8191
September	0.8583	0.8289	0.8391
October	0.8584	0.8350	0.8485
November	0.8649	0.8485	0.8572
December	0.8702	0.8488	0.8614