2014 CVE to MKD Historical Review

YEARLY HIGH

0.5655 MKD

YEARLY LOW

0.5546 MKD

YEARLY AVERAGE

0.5607 MKD

2014 CVE to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CVE to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 0.5655. Conversely, the yearly low was recorded on July 31, dropping to 0.5546.

This high-to-low spread represents a total annual volatility of 0.0109 MKD. From a start-to-finish perspective, comparing the January average rate of 0.5596 to the December average rate of 0.5597, the exchange rate registered a net change of 0.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.5655 was down 2.75% compared to the 2013 peak of 0.5815, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,828 MKD

2013 Average 2,806 MKD

Yearly Trough Low 2,773 MKD

Transaction Impact: A difference of 54.41 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5624

0.5584

JanuMarcMayJulySeptNove

CVE 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 0.5612, compared to 0.5603 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.5612

H2 Avg (Jul–Dec) 0.5603

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0086 MKD (High: 0.5636 / Low: 0.5550). On the other end, May was the most stable month, with a tight range of 0.0034 MKD (High: 0.5630 / Low: 0.5596).

September Spread (Volatile) ±0.0086

May Spread (Stable) ±0.0034

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0023 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.5620) against the same month in 2013 (average: 0.5566), the exchange rate shifted by +0.0054 (+0.97%).

2014 Avg (March) 0.5620

2013 Avg (March) 0.5566

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5626	0.5563	0.5596
February	0.5643	0.5599	0.5621
March	0.5655	0.5595	0.5620
April	0.5627	0.5588	0.5611
May	0.5630	0.5596	0.5610
June	0.5630	0.5591	0.5612
July	0.5632	0.5546	0.5602
August	0.5627	0.5556	0.5599
September	0.5636	0.5550	0.5588
October	0.5646	0.5569	0.5611
November	0.5649	0.5599	0.5620
December	0.5626	0.5575	0.5597