2014 GEL to MKD Historical Review

YEARLY HIGH

28.6543 MKD

YEARLY LOW

25.1039 MKD

YEARLY AVERAGE

26.3604 MKD

2014 GEL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 28.6543. Conversely, the yearly low was recorded on May 7, dropping to 25.1039.

This high-to-low spread represents a total annual volatility of 3.5503 MKD. From a start-to-finish perspective, comparing the January average rate of 25.6259 to the December average rate of 28.0357, the exchange rate registered a net change of 9.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 28.6543 was down 2.47% compared to the 2013 peak of 29.3803, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 143,271 MKD

2013 Average 139,805 MKD

Yearly Trough Low 125,520 MKD

Transaction Impact: A difference of 17,751.62 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

28.3023

25.1030

JanuMarcMayJulySeptNove

GEL 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 25.5534, compared to 27.1675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6141 points.

H1 Avg (Jan–Jun) 25.5534

H2 Avg (Jul–Dec) 27.1675

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 1.6033 MKD (High: 28.6543 / Low: 27.0509). On the other end, June was the most stable month, with a tight range of 0.1488 MKD (High: 25.7311 / Low: 25.5823).

December Spread (Volatile) ±1.6033

June Spread (Stable) ±0.1488

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 0.2840 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.2840

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 28.0357) against the same month in 2013 (average: 25.9534), the exchange rate shifted by +2.0823 (+8.02%).

2014 Avg (December) 28.0357

2013 Avg (December) 25.9534

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	25.8720	25.3919	25.6259
February	26.0536	25.5455	25.7699
March	25.6421	25.3581	25.4859
April	25.6481	25.1573	25.3696
May	25.6055	25.1039	25.4266
June	25.7311	25.5823	25.6422
July	26.0788	25.5520	25.7756
August	26.7376	26.0328	26.4564
September	27.8334	26.7559	27.1829
October	27.8598	27.4345	27.6570
November	28.2676	27.3251	27.8973
December	28.6543	27.0509	28.0357