2014 BND to MKD Historical Review

YEARLY HIGH

38.5143 MKD

YEARLY LOW

34.9025 MKD

YEARLY AVERAGE

36.6135 MKD

2014 BND to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BND to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 38.5143. Conversely, the yearly low was recorded on March 19, dropping to 34.9025.

This high-to-low spread represents a total annual volatility of 3.6118 MKD. From a start-to-finish perspective, comparing the January average rate of 35.4995 to the December average rate of 37.9500, the exchange rate registered a net change of 6.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 38.5143 was down 1.26% compared to the 2013 peak of 39.0074, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 192,571 MKD

2013 Average 186,029 MKD

Yearly Trough Low 174,512 MKD

Transaction Impact: A difference of 18,058.86 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

38.4949

34.9039

JanuMarcMayJulySeptNove

BND 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 35.6586, compared to 37.5685 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9099 points.

H1 Avg (Jan–Jun) 35.6586

H2 Avg (Jul–Dec) 37.5685

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 1.0453 MKD (High: 38.3748 / Low: 37.3294). On the other end, June was the most stable month, with a tight range of 0.3828 MKD (High: 36.3697 / Low: 35.9869).

September Spread (Volatile) ±1.0453

June Spread (Stable) ±0.3828

Growth Streaks & Declines

Trends

Between March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.4622 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.4622

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 38.1956) against the same month in 2013 (average: 36.4479), the exchange rate shifted by +1.7478 (+4.80%).

2014 Avg (November) 38.1956

2013 Avg (November) 36.4479

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	35.7056	35.1412	35.4995
February	35.9930	35.3321	35.6654
March	35.6053	34.9025	35.2032
April	35.7788	35.3869	35.5483
May	36.1305	35.4025	35.8097
June	36.3697	35.9869	36.2253
July	36.7177	36.1614	36.5006
August	37.3852	36.4652	36.9364
September	38.3748	37.3294	37.6924
October	38.4605	37.8294	38.1358
November	38.5143	37.7136	38.1956
December	38.2288	37.6987	37.9500