2014 ISK to MKD Historical Review

YEARLY HIGH

0.4050 MKD

YEARLY LOW

0.3869 MKD

YEARLY AVERAGE

0.3977 MKD

2014 ISK to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ISK to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 0.4050. Conversely, the yearly low was recorded on January 11, dropping to 0.3869.

This high-to-low spread represents a total annual volatility of 0.0181 MKD. From a start-to-finish perspective, comparing the January average rate of 0.3903 to the December average rate of 0.3988, the exchange rate registered a net change of 2.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4050 was down 0.22% compared to the 2013 peak of 0.4059, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,025 MKD

2013 Average 1,907 MKD

Yearly Trough Low 1,935 MKD

Transaction Impact: A difference of 90.38 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4037

0.3891

JanuMarcMayJulySeptNove

ISK 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 0.3959, compared to 0.3995 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 0.3959

H2 Avg (Jul–Dec) 0.3995

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.0076 MKD (High: 0.3988 / Low: 0.3913). On the other end, April was the most stable month, with a tight range of 0.0027 MKD (High: 0.3982 / Low: 0.3956).

March Spread (Volatile) ±0.0076

April Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0022 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 0.4025) against the same month in 2013 (average: 0.3735), the exchange rate shifted by +0.0289 (+7.75%).

2014 Avg (October) 0.4025

2013 Avg (October) 0.3735

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3935	0.3869	0.3903
February	0.3980	0.3931	0.3954
March	0.3988	0.3913	0.3952
April	0.3982	0.3956	0.3974
May	0.4009	0.3955	0.3982
June	0.4010	0.3970	0.3988
July	0.4011	0.3945	0.3974
August	0.3996	0.3947	0.3978
September	0.4042	0.3988	0.4005
October	0.4050	0.3997	0.4025
November	0.4028	0.3978	0.4002
December	0.4024	0.3957	0.3988