2014 HTG to MKD Historical Review

YEARLY HIGH

1.1566 MKD

YEARLY LOW

0.9712 MKD

YEARLY AVERAGE

1.0428 MKD

2014 HTG to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HTG to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 1.1566. Conversely, the yearly low was recorded on March 13, dropping to 0.9712.

This high-to-low spread represents a total annual volatility of 0.1854 MKD. From a start-to-finish perspective, comparing the January average rate of 1.0527 to the December average rate of 1.0739, the exchange rate registered a net change of 2.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.1566 was down 1.03% compared to the 2013 peak of 1.1687, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,783 MKD

2013 Average 5,472 MKD

Yearly Trough Low 4,856 MKD

Transaction Impact: A difference of 926.80 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.1335

0.9839

JanuMarcMayJulySeptNove

HTG 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 1.0303, compared to 1.0554 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0251 points.

H1 Avg (Jan–Jun) 1.0303

H2 Avg (Jul–Dec) 1.0554

Volatility Range Comparison

Volatility

The most volatile month in 2014 was February, with a trading range of 0.1372 MKD (High: 1.1566 / Low: 1.0194). On the other end, June was the most stable month, with a tight range of 0.0125 MKD (High: 1.0124 / Low: 0.9999).

February Spread (Volatile) ±0.1372

June Spread (Stable) ±0.0125

Growth Streaks & Declines

Trends

Between May and October, 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 0.1127 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1127

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2014: 1.1210) against the same month in 2013 (average: 1.1064), the exchange rate shifted by +0.0146 (+1.32%).

2014 Avg (February) 1.1210

2013 Avg (February) 1.1064

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0973	1.0216	1.0527
February	1.1566	1.0194	1.1210
March	1.0261	0.9712	1.0083
April	1.0100	0.9909	0.9990
May	1.0055	0.9818	0.9964
June	1.0124	0.9999	1.0044
July	1.0149	1.0022	1.0111
August	1.0455	1.0131	1.0268
September	1.0959	1.0468	1.0631
October	1.0991	1.0703	1.0839
November	1.0971	1.0598	1.0734
December	1.0867	1.0592	1.0739