2014 GMD to MKD Historical Review

YEARLY HIGH

1.2356 MKD

YEARLY LOW

1.1179 MKD

YEARLY AVERAGE

1.1633 MKD

2014 GMD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GMD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 1, valuing the pair at 1.2356. Conversely, the yearly low was recorded on May 7, dropping to 1.1179.

This high-to-low spread represents a total annual volatility of 0.1177 MKD. From a start-to-finish perspective, comparing the January average rate of 1.1861 to the December average rate of 1.1587, the exchange rate registered a net change of -2.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.2356 was down 16.43% compared to the 2013 peak of 1.4785, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,178 MKD

2013 Average 6,891 MKD

Yearly Trough Low 5,589 MKD

Transaction Impact: A difference of 588.52 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.2081

1.1231

JanuMarcMayJulySeptNove

GMD 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 1.1599, compared to 1.1667 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0068 points.

H1 Avg (Jan–Jun) 1.1599

H2 Avg (Jul–Dec) 1.1667

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 0.1128 MKD (High: 1.2356 / Low: 1.1228). On the other end, June was the most stable month, with a tight range of 0.0142 MKD (High: 1.1471 / Low: 1.1330).

October Spread (Volatile) ±0.1128

June Spread (Stable) ±0.0142

Growth Streaks & Declines

Trends

Between May and September, 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 October and November, when the average rate fell by 0.0403 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0403

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 1.1874) against the same month in 2013 (average: 1.3801), the exchange rate shifted by -0.1927 (-13.96%).

2014 Avg (October) 1.1874

2013 Avg (October) 1.3801

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1946	1.1768	1.1861
February	1.1978	1.1720	1.1841
March	1.1779	1.1613	1.1695
April	1.1808	1.1183	1.1478
May	1.1437	1.1179	1.1302
June	1.1471	1.1330	1.1416
July	1.1528	1.1376	1.1450
August	1.1754	1.1479	1.1608
September	1.2347	1.1700	1.2010
October	1.2356	1.1228	1.1874
November	1.1524	1.1376	1.1472
December	1.1786	1.1437	1.1587