2014 BAM to MKD Historical Review

YEARLY HIGH

31.7687 MKD

YEARLY LOW

31.1194 MKD

YEARLY AVERAGE

31.4613 MKD

2014 BAM to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BAM to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 31.7687. Conversely, the yearly low was recorded on July 31, dropping to 31.1194.

This high-to-low spread represents a total annual volatility of 0.6493 MKD. From a start-to-finish perspective, comparing the January average rate of 31.4493 to the December average rate of 31.4292, the exchange rate registered a net change of -0.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 31.7687 was down 3.27% compared to the 2013 peak of 32.8438, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 158,843 MKD

2013 Average 157,860 MKD

Yearly Trough Low 155,597 MKD

Transaction Impact: A difference of 3,246.40 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

31.5473

31.3616

JanuMarcMayJulySeptNove

BAM 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 31.4869, compared to 31.4358 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0511 points.

H1 Avg (Jan–Jun) 31.4869

H2 Avg (Jul–Dec) 31.4358

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 0.4600 MKD (High: 31.7159 / Low: 31.2559). On the other end, June was the most stable month, with a tight range of 0.1859 MKD (High: 31.5750 / Low: 31.3890).

October Spread (Volatile) ±0.4600

June Spread (Stable) ±0.1859

Growth Streaks & Declines

Trends

Between September and November, 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 November and December, when the average rate fell by 0.1026 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 31.5318) against the same month in 2013 (average: 31.3453), the exchange rate shifted by +0.1865 (+0.60%).

2014 Avg (November) 31.5318

2013 Avg (November) 31.3453

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.5352	31.2831	31.4493
February	31.6564	31.4211	31.5234
March	31.6831	31.3679	31.5053
April	31.5876	31.3586	31.4828
May	31.5665	31.3237	31.4659
June	31.5750	31.3890	31.4945
July	31.5715	31.1194	31.4084
August	31.4981	31.1817	31.3863
September	31.5911	31.1865	31.3771
October	31.7159	31.2559	31.4820
November	31.7687	31.4075	31.5318
December	31.6302	31.2671	31.4292