2014 BIF to MKD Historical Review

YEARLY HIGH

0.0325 MKD

YEARLY LOW

0.0285 MKD

YEARLY AVERAGE

0.0299 MKD

2014 BIF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BIF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.0325. Conversely, the yearly low was recorded on March 13, dropping to 0.0285.

This high-to-low spread represents a total annual volatility of 0.0040 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0292 to the December average rate of 0.0319, the exchange rate registered a net change of 9.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0325 was up 3.20% compared to the 2013 peak of 0.0315, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 162 MKD

2013 Average 150 MKD

Yearly Trough Low 142 MKD

Transaction Impact: A difference of 20.02 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0322

0.0284

JanuMarcMayJulySeptNove

BIF 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 0.0290, compared to 0.0308 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0290

H2 Avg (Jul–Dec) 0.0308

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0014 MKD (High: 0.0316 / Low: 0.0301). On the other end, June was the most stable month, with a tight range of 0.0003 MKD (High: 0.0294 / Low: 0.0291).

September Spread (Volatile) ±0.0014

June Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0004 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0319) against the same month in 2013 (average: 0.0291), the exchange rate shifted by +0.0029 (+9.81%).

2014 Avg (December) 0.0319

2013 Avg (December) 0.0291

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0294	0.0289	0.0292
February	0.0294	0.0288	0.0291
March	0.0289	0.0285	0.0287
April	0.0291	0.0286	0.0288
May	0.0293	0.0286	0.0290
June	0.0294	0.0291	0.0293
July	0.0296	0.0291	0.0293
August	0.0303	0.0294	0.0298
September	0.0316	0.0301	0.0308
October	0.0319	0.0308	0.0312
November	0.0319	0.0314	0.0317
December	0.0325	0.0315	0.0319