2014 GNF to MKD Historical Review

YEARLY HIGH

0.0072 MKD

YEARLY LOW

0.0062 MKD

YEARLY AVERAGE

0.0066 MKD

2014 GNF to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GNF to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0072. Conversely, the yearly low was recorded on March 17, dropping to 0.0062.

This high-to-low spread represents a total annual volatility of 0.0010 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0065 to the December average rate of 0.0071, the exchange rate registered a net change of 9.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0072 was up 4.13% compared to the 2013 peak of 0.0069, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 36 MKD

2013 Average 33 MKD

Yearly Trough Low 31 MKD

Transaction Impact: A difference of 4.84 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0072

0.0063

JanuMarcMayJulySeptNove

GNF 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 0.0064, compared to 0.0068 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0064

H2 Avg (Jul–Dec) 0.0068

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.0003 MKD (High: 0.0065 / Low: 0.0062). On the other end, July was the most stable month, with a tight range of 0.0001 MKD (High: 0.0065 / Low: 0.0064).

March Spread (Volatile) ±0.0003

July Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0001 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0071) against the same month in 2013 (average: 0.0065), the exchange rate shifted by +0.0006 (+9.78%).

2014 Avg (December) 0.0071

2013 Avg (December) 0.0065

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0065	0.0064	0.0065
February	0.0065	0.0064	0.0064
March	0.0065	0.0062	0.0064
April	0.0065	0.0063	0.0064
May	0.0065	0.0063	0.0064
June	0.0066	0.0064	0.0065
July	0.0065	0.0064	0.0065
August	0.0067	0.0065	0.0066
September	0.0069	0.0067	0.0068
October	0.0070	0.0068	0.0069
November	0.0071	0.0069	0.0070
December	0.0072	0.0070	0.0071