2014 GHS to MKD Historical Review

YEARLY HIGH

19.2604 MKD

YEARLY LOW

11.8816 MKD

YEARLY AVERAGE

15.4959 MKD

2014 GHS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GHS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 19.2604. Conversely, the yearly low was recorded on August 19, dropping to 11.8816.

This high-to-low spread represents a total annual volatility of 7.3788 MKD. From a start-to-finish perspective, comparing the January average rate of 18.9516 to the December average rate of 15.5922, the exchange rate registered a net change of -17.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 19.2604 was down 23.33% compared to the 2013 peak of 25.1222, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 96,302 MKD

2013 Average 113,220 MKD

Yearly Trough Low 59,408 MKD

Transaction Impact: A difference of 36,894.11 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

19.5779

12.0629

JanuMarcMayJulySeptNove

GHS 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 16.7301, compared to 14.2618 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.4682 points.

H1 Avg (Jan–Jun) 16.7301

H2 Avg (Jul–Dec) 14.2618

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 2.5919 MKD (High: 14.8918 / Low: 12.2999). On the other end, October was the most stable month, with a tight range of 0.3144 MKD (High: 15.2036 / Low: 14.8892).

September Spread (Volatile) ±2.5919

October Spread (Stable) ±0.3144

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 1.1180 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.1180

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 18.9516) against the same month in 2013 (average: 24.7817), the exchange rate shifted by -5.8301 (-23.53%).

2014 Avg (January) 18.9516

2013 Avg (January) 24.7817

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.2604	18.4491	18.9516
February	19.0368	17.4221	18.1331
March	17.6206	16.6492	17.2011
April	16.6692	15.7354	16.1388
May	15.7340	15.0110	15.3951
June	15.1633	13.8052	14.5607
July	13.8591	12.8791	13.4427
August	13.5086	11.8816	12.6892
September	14.8918	12.2999	13.3926
October	15.2036	14.8892	15.0456
November	15.5655	15.1287	15.4087
December	15.7898	15.3742	15.5922