2014 DJF to MKD Historical Review

YEARLY HIGH

0.2840 MKD

YEARLY LOW

0.2475 MKD

YEARLY AVERAGE

0.2600 MKD

2014 DJF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the DJF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.2840. Conversely, the yearly low was recorded on May 7, dropping to 0.2475.

This high-to-low spread represents a total annual volatility of 0.0365 MKD. From a start-to-finish perspective, comparing the January average rate of 0.2538 to the December average rate of 0.2801, the exchange rate registered a net change of 10.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.2840 was up 4.27% compared to the 2013 peak of 0.2724, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,420 MKD

2013 Average 1,311 MKD

Yearly Trough Low 1,238 MKD

Transaction Impact: A difference of 182.52 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.2831

0.2468

JanuMarcMayJulySeptNove

DJF 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 0.2520, compared to 0.2680 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0160 points.

H1 Avg (Jan–Jun) 0.2520

H2 Avg (Jul–Dec) 0.2680

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0115 MKD (High: 0.2727 / Low: 0.2612). On the other end, June was the most stable month, with a tight range of 0.0028 MKD (High: 0.2552 / Low: 0.2525).

September Spread (Volatile) ±0.0115

June Spread (Stable) ±0.0028

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 0.0032 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.2801) against the same month in 2013 (average: 0.2525), the exchange rate shifted by +0.0276 (+10.94%).

2014 Avg (December) 0.2801

2013 Avg (December) 0.2525

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2566	0.2509	0.2538
February	0.2562	0.2518	0.2537
March	0.2528	0.2483	0.2505
April	0.2537	0.2480	0.2498
May	0.2541	0.2475	0.2508
June	0.2552	0.2525	0.2535
July	0.2549	0.2519	0.2539
August	0.2616	0.2536	0.2579
September	0.2727	0.2612	0.2667
October	0.2750	0.2698	0.2723
November	0.2793	0.2746	0.2771
December	0.2840	0.2761	0.2801