2014 BSD to MKD Historical Review

YEARLY HIGH

50.5891 MKD

YEARLY LOW

44.2354 MKD

YEARLY AVERAGE

46.4086 MKD

2014 BSD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BSD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 50.5891. Conversely, the yearly low was recorded on May 7, dropping to 44.2354.

This high-to-low spread represents a total annual volatility of 6.3537 MKD. From a start-to-finish perspective, comparing the January average rate of 45.1754 to the December average rate of 49.9607, the exchange rate registered a net change of 10.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 50.5891 was up 5.06% compared to the 2013 peak of 48.1544, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 252,945 MKD

2013 Average 232,669 MKD

Yearly Trough Low 221,177 MKD

Transaction Impact: A difference of 31,768.50 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

50.4970

44.0611

JanuMarcMayJulySeptNove

BSD 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 44.9521, compared to 47.8651 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.9129 points.

H1 Avg (Jan–Jun) 44.9521

H2 Avg (Jul–Dec) 47.8651

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 2.1404 MKD (High: 48.8950 / Low: 46.7547). On the other end, June was the most stable month, with a tight range of 0.2399 MKD (High: 45.4292 / Low: 45.1893).

September Spread (Volatile) ±2.1404

June Spread (Stable) ±0.2399

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.5782 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.5782

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 49.9607) against the same month in 2013 (average: 44.9653), the exchange rate shifted by +4.9954 (+11.11%).

2014 Avg (December) 49.9607

2013 Avg (December) 44.9653

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	45.5351	44.6747	45.1754
February	45.6376	44.7697	45.1757
March	44.8828	44.2553	44.5974
April	44.9944	44.3997	44.6182
May	45.2949	44.2354	44.8338
June	45.4292	45.1893	45.3121
July	45.4775	45.0799	45.3755
August	46.6895	45.4727	46.1198
September	48.8950	46.7547	47.6379
October	48.9625	48.2056	48.6234
November	49.7340	49.0852	49.4731
December	50.5891	49.3030	49.9607