2014 BRL to MKD Historical Review

YEARLY HIGH

21.1633 MKD

YEARLY LOW

18.0973 MKD

YEARLY AVERAGE

19.7445 MKD

2014 BRL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BRL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 7, valuing the pair at 21.1633. Conversely, the yearly low was recorded on December 16, dropping to 18.0973.

This high-to-low spread represents a total annual volatility of 3.0659 MKD. From a start-to-finish perspective, comparing the January average rate of 18.9955 to the December average rate of 18.8887, the exchange rate registered a net change of -0.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 21.1633 was down 13.01% compared to the 2013 peak of 24.3274, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 529,082 MKD

2013 Average 541,580 MKD

Yearly Trough Low 452,434 MKD

Transaction Impact: A difference of 76,648.16 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

20.5651

18.7363

JanuMarcMayJulySeptNove

BRL 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 19.5999, compared to 19.8892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2893 points.

H1 Avg (Jan–Jun) 19.5999

H2 Avg (Jul–Dec) 19.8892

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 1.3655 MKD (High: 21.1633 / Low: 19.7978). On the other end, July was the most stable month, with a tight range of 0.3913 MKD (High: 20.5229 / Low: 20.1316).

September Spread (Volatile) ±1.3655

July Spread (Stable) ±0.3913

Growth Streaks & Declines

Trends

Between February and July, 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 September and October, when the average rate fell by 0.5587 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.5587

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 20.4127) against the same month in 2013 (average: 20.3482), the exchange rate shifted by +0.0645 (+0.32%).

2014 Avg (September) 20.4127

2013 Avg (September) 20.3482

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.3834	18.5446	18.9955
February	19.4047	18.7131	18.9630
March	19.8285	18.7263	19.1759
April	20.3568	19.7331	19.9844
May	20.3856	19.8525	20.1862
June	20.6127	19.8607	20.2942
July	20.5229	20.1316	20.4049
August	20.8581	20.0627	20.3511
September	21.1633	19.7978	20.4127
October	20.4050	19.3644	19.8540
November	19.8596	18.9599	19.4235
December	19.3792	18.0973	18.8887