2014 JMD to MKD Historical Review

YEARLY HIGH

0.4428 MKD

YEARLY LOW

0.4017 MKD

YEARLY AVERAGE

0.4184 MKD

2014 JMD to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the JMD to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.4428. Conversely, the yearly low was recorded on May 7, dropping to 0.4017.

This high-to-low spread represents a total annual volatility of 0.0411 MKD. From a start-to-finish perspective, comparing the January average rate of 0.4246 to the December average rate of 0.4384, the exchange rate registered a net change of 3.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4428 was down 13.59% compared to the 2013 peak of 0.5124, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,214 MKD

2013 Average 2,336 MKD

Yearly Trough Low 2,008 MKD

Transaction Impact: A difference of 205.41 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4419

0.4005

JanuMarcMayJulySeptNove

JMD 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 0.4125, compared to 0.4243 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0118 points.

H1 Avg (Jan–Jun) 0.4125

H2 Avg (Jul–Dec) 0.4243

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0199 MKD (High: 0.4349 / Low: 0.4150). On the other end, July was the most stable month, with a tight range of 0.0038 MKD (High: 0.4059 / Low: 0.4021).

September Spread (Volatile) ±0.0199

July Spread (Stable) ±0.0038

Growth Streaks & Declines

Trends

Between July and November, 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 February and March, when the average rate fell by 0.0100 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0100

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.4384) against the same month in 2013 (average: 0.4304), the exchange rate shifted by +0.0081 (+1.88%).

2014 Avg (December) 0.4384

2013 Avg (December) 0.4304

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4279	0.4213	0.4246
February	0.4256	0.4146	0.4202
March	0.4151	0.4060	0.4102
April	0.4114	0.4049	0.4072
May	0.4082	0.4017	0.4057
June	0.4088	0.4045	0.4072
July	0.4059	0.4021	0.4040
August	0.4145	0.4040	0.4098
September	0.4349	0.4150	0.4230
October	0.4351	0.4286	0.4324
November	0.4422	0.4352	0.4385
December	0.4428	0.4325	0.4384