2014 ALL to MKD Historical Review

YEARLY HIGH

0.4458 MKD

YEARLY LOW

0.4357 MKD

YEARLY AVERAGE

0.4398 MKD

2014 ALL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ALL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 15, valuing the pair at 0.4458. Conversely, the yearly low was recorded on January 19, dropping to 0.4357.

This high-to-low spread represents a total annual volatility of 0.0101 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4377 to the December average rate of 0.4390, the exchange rate registered a net change of 0.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4458 was down 3.12% compared to the 2013 peak of 0.4601, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,229 MKD

2013 Average 2,202 MKD

Yearly Trough Low 2,178 MKD

Transaction Impact: A difference of 50.29 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4424

0.4372

JanuMarcMayJulySeptNove

ALL 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 0.4393, compared to 0.4403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.4393

H2 Avg (Jul–Dec) 0.4403

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 0.0086 MKD (High: 0.4458 / Low: 0.4372). On the other end, June was the most stable month, with a tight range of 0.0026 MKD (High: 0.4413 / Low: 0.4387).

October Spread (Volatile) ±0.0086

June Spread (Stable) ±0.0026

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 November and December, when the average rate fell by 0.0029 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 0.4420) against the same month in 2013 (average: 0.4366), the exchange rate shifted by +0.0054 (+1.24%).

2014 Avg (October) 0.4420

2013 Avg (October) 0.4366

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4394	0.4357	0.4377
February	0.4413	0.4374	0.4392
March	0.4417	0.4375	0.4393
April	0.4416	0.4380	0.4400
May	0.4410	0.4380	0.4397
June	0.4413	0.4387	0.4398
July	0.4405	0.4378	0.4391
August	0.4428	0.4382	0.4410
September	0.4418	0.4359	0.4387
October	0.4458	0.4372	0.4420
November	0.4452	0.4388	0.4419
December	0.4412	0.4374	0.4390