2014 AZN to MKD Historical Review

YEARLY HIGH

64.5653 MKD

YEARLY LOW

56.4107 MKD

YEARLY AVERAGE

59.1848 MKD

2014 AZN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AZN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 64.5653. Conversely, the yearly low was recorded on May 7, dropping to 56.4107.

This high-to-low spread represents a total annual volatility of 8.1547 MKD. From a start-to-finish perspective, comparing the January average rate of 57.6064 to the December average rate of 63.7122, the exchange rate registered a net change of 10.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 64.5653 was up 5.20% compared to the 2013 peak of 61.3745, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 322,827 MKD

2013 Average 296,586 MKD

Yearly Trough Low 282,053 MKD

Transaction Impact: A difference of 40,773.42 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

64.3957

56.1928

JanuMarcMayJulySeptNove

AZN 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 57.3254, compared to 61.0442 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.7188 points.

H1 Avg (Jan–Jun) 57.3254

H2 Avg (Jul–Dec) 61.0442

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 2.7300 MKD (High: 62.3661 / Low: 59.6361). On the other end, June was the most stable month, with a tight range of 0.3060 MKD (High: 57.9356 / Low: 57.6297).

September Spread (Volatile) ±2.7300

June Spread (Stable) ±0.3060

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 0.7317 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.7317

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 63.7122) against the same month in 2013 (average: 57.3375), the exchange rate shifted by +6.3747 (+11.12%).

2014 Avg (December) 63.7122

2013 Avg (December) 57.3375

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	58.0780	56.9758	57.6064
February	58.2014	57.0873	57.6082
March	57.2339	56.4337	56.8764
April	57.3762	56.6178	56.9014
May	57.7593	56.4107	57.1715
June	57.9356	57.6297	57.7888
July	58.0185	57.4876	57.8678
August	59.5504	58.0084	58.8230
September	62.3661	59.6361	60.7602
October	62.4389	61.4737	62.0140
November	63.4200	62.5954	63.0881
December	64.5653	62.8865	63.7122