2014 IQD to MKD Historical Review

YEARLY HIGH

0.0434 MKD

YEARLY LOW

0.0376 MKD

YEARLY AVERAGE

0.0396 MKD

2014 IQD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the IQD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.0434. Conversely, the yearly low was recorded on March 31, dropping to 0.0376.

This high-to-low spread represents a total annual volatility of 0.0058 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0387 to the December average rate of 0.0425, the exchange rate registered a net change of 9.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0434 was up 3.90% compared to the 2013 peak of 0.0418, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 217 MKD

2013 Average 200 MKD

Yearly Trough Low 188 MKD

Transaction Impact: A difference of 28.91 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0429

0.0378

JanuMarcMayJulySeptNove

IQD 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 0.0384, compared to 0.0407 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.0384

H2 Avg (Jul–Dec) 0.0407

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0020 MKD (High: 0.0434 / Low: 0.0414). On the other end, November was the most stable month, with a tight range of 0.0006 MKD (High: 0.0422 / Low: 0.0416).

December Spread (Volatile) ±0.0020

November Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0005 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0425) against the same month in 2013 (average: 0.0386), the exchange rate shifted by +0.0039 (+10.07%).

2014 Avg (December) 0.0425

2013 Avg (December) 0.0386

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0391	0.0384	0.0387
February	0.0392	0.0383	0.0387
March	0.0385	0.0376	0.0382
April	0.0386	0.0378	0.0383
May	0.0388	0.0377	0.0382
June	0.0390	0.0384	0.0385
July	0.0390	0.0383	0.0386
August	0.0401	0.0386	0.0392
September	0.0415	0.0397	0.0406
October	0.0420	0.0409	0.0414
November	0.0422	0.0416	0.0420
December	0.0434	0.0414	0.0425