2014 ILS to MKD Historical Review

YEARLY HIGH

13.4203 MKD

YEARLY LOW

12.4833 MKD

YEARLY AVERAGE

12.9752 MKD

2014 ILS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ILS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 13.4203. Conversely, the yearly low was recorded on December 3, dropping to 12.4833.

This high-to-low spread represents a total annual volatility of 0.9370 MKD. From a start-to-finish perspective, comparing the January average rate of 12.9320 to the December average rate of 12.7082, the exchange rate registered a net change of -1.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 13.4203 was up 0.95% compared to the 2013 peak of 13.2937, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 67,102 MKD

2013 Average 64,466 MKD

Yearly Trough Low 62,416 MKD

Transaction Impact: A difference of 4,685.19 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

13.3061

12.6538

JanuMarcMayJulySeptNove

ILS 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 12.9174, compared to 13.0329 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1155 points.

H1 Avg (Jan–Jun) 12.9174

H2 Avg (Jul–Dec) 13.0329

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.4923 MKD (High: 12.9756 / Low: 12.4833). On the other end, April was the most stable month, with a tight range of 0.1340 MKD (High: 12.9305 / Low: 12.7965).

December Spread (Volatile) ±0.4923

April Spread (Stable) ±0.1340

Growth Streaks & Declines

Trends

Between March and July, 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 November and December, when the average rate fell by 0.2030 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 13.1828) against the same month in 2013 (average: 12.9588), the exchange rate shifted by +0.2240 (+1.73%).

2014 Avg (August) 13.1828

2013 Avg (August) 12.9588

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.0470	12.8472	12.9320
February	12.9738	12.7478	12.8496
March	12.9321	12.7535	12.8226
April	12.9305	12.7965	12.8374
May	13.0372	12.8367	12.9378
June	13.2180	13.0140	13.1252
July	13.3217	13.1538	13.2518
August	13.4203	13.0442	13.1828
September	13.2849	12.9863	13.1022
October	13.3271	12.8700	13.0417
November	13.0612	12.6909	12.9111
December	12.9756	12.4833	12.7082