2014 BGN to MKD Historical Review

YEARLY HIGH

31.7645 MKD

YEARLY LOW

31.1084 MKD

YEARLY AVERAGE

31.4578 MKD

2014 BGN to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BGN to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 14, valuing the pair at 31.7645. Conversely, the yearly low was recorded on July 31, dropping to 31.1084.

This high-to-low spread represents a total annual volatility of 0.6560 MKD. From a start-to-finish perspective, comparing the January average rate of 31.4393 to the December average rate of 31.4419, the exchange rate registered a net change of 0.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 31.7645 was down 3.26% compared to the 2013 peak of 32.8335, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 158,822 MKD

2013 Average 157,851 MKD

Yearly Trough Low 155,542 MKD

Transaction Impact: A difference of 3,280.25 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

31.5445

31.3584

JanuMarcMayJulySeptNove

BGN 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 31.4799, compared to 31.4356 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0444 points.

H1 Avg (Jan–Jun) 31.4799

H2 Avg (Jul–Dec) 31.4356

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.4439 MKD (High: 31.5523 / Low: 31.1084). On the other end, February was the most stable month, with a tight range of 0.1916 MKD (High: 31.6244 / Low: 31.4327).

July Spread (Volatile) ±0.4439

February Spread (Stable) ±0.1916

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 0.0872 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0872

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 31.5290) against the same month in 2013 (average: 31.3391), the exchange rate shifted by +0.1899 (+0.61%).

2014 Avg (November) 31.5290

2013 Avg (November) 31.3391

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.5422	31.3032	31.4393
February	31.6244	31.4327	31.5093
March	31.6373	31.3954	31.5012
April	31.5496	31.3475	31.4843
May	31.5364	31.3226	31.4599
June	31.5786	31.3815	31.4856
July	31.5523	31.1084	31.4029
August	31.4735	31.1670	31.3828
September	31.5550	31.2141	31.3739
October	31.7300	31.2941	31.4829
November	31.7645	31.4134	31.5290
December	31.6406	31.3196	31.4419