2014 BZD to MKD Historical Review

YEARLY HIGH

25.3093 MKD

YEARLY LOW

21.9753 MKD

YEARLY AVERAGE

23.2219 MKD

2014 BZD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BZD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 25.3093. Conversely, the yearly low was recorded on May 7, dropping to 21.9753.

This high-to-low spread represents a total annual volatility of 3.3340 MKD. From a start-to-finish perspective, comparing the January average rate of 22.6555 to the December average rate of 24.9998, the exchange rate registered a net change of 10.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 25.3093 was up 3.67% compared to the 2013 peak of 24.4130, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 126,547 MKD

2013 Average 116,520 MKD

Yearly Trough Low 109,877 MKD

Transaction Impact: A difference of 16,670.01 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

25.2842

21.8706

JanuMarcMayJulySeptNove

BZD 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 22.4867, compared to 23.9572 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4705 points.

H1 Avg (Jan–Jun) 22.4867

H2 Avg (Jul–Dec) 23.9572

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 1.1155 MKD (High: 24.5364 / Low: 23.4209). On the other end, June was the most stable month, with a tight range of 0.1480 MKD (High: 22.7750 / Low: 22.6269).

September Spread (Volatile) ±1.1155

June Spread (Stable) ±0.1480

Growth Streaks & Declines

Trends

Between April and December, 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 0.2824 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.2824

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 24.9998) against the same month in 2013 (average: 22.5520), the exchange rate shifted by +2.4477 (+10.85%).

2014 Avg (December) 24.9998

2013 Avg (December) 22.5520

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.8285	22.4470	22.6555
February	22.8987	22.4793	22.6933
March	22.6349	22.2047	22.4110
April	22.3512	22.0399	22.1551
May	22.6718	21.9753	22.3206
June	22.7750	22.6269	22.6846
July	22.7607	22.5662	22.7043
August	23.3916	22.7696	23.0846
September	24.5364	23.4209	23.8451
October	24.5771	24.1055	24.3446
November	24.9347	24.5662	24.7649
December	25.3093	24.6655	24.9998