2014 LTL to MKD Historical Review

YEARLY HIGH

18.0004 MKD

YEARLY LOW

17.6358 MKD

YEARLY AVERAGE

17.8305 MKD

2014 LTL to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the LTL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 18.0004. Conversely, the yearly low was recorded on July 31, dropping to 17.6358.

This high-to-low spread represents a total annual volatility of 0.3646 MKD. From a start-to-finish perspective, comparing the January average rate of 17.8220 to the December average rate of 17.8111, the exchange rate registered a net change of -0.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 18.0004 was down 3.30% compared to the 2013 peak of 18.6147, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 90,002 MKD

2013 Average 89,475 MKD

Yearly Trough Low 88,179 MKD

Transaction Impact: A difference of 1,823.02 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

17.8804

17.7734

JanuMarcMayJulySeptNove

LTL 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 17.8454, compared to 17.8156 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0298 points.

H1 Avg (Jan–Jun) 17.8454

H2 Avg (Jul–Dec) 17.8156

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 0.2569 MKD (High: 17.9709 / Low: 17.7140). On the other end, June was the most stable month, with a tight range of 0.1205 MKD (High: 17.9080 / Low: 17.7874).

October Spread (Volatile) ±0.2569

June Spread (Stable) ±0.1205

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0604 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0604

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 17.8715) against the same month in 2013 (average: 17.7650), the exchange rate shifted by +0.1065 (+0.60%).

2014 Avg (November) 17.8715

2013 Avg (November) 17.7650

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.8747	17.7316	17.8220
February	17.9425	17.8112	17.8680
March	17.9647	17.7768	17.8575
April	17.9086	17.7709	17.8434
May	17.8877	17.7625	17.8325
June	17.9080	17.7874	17.8489
July	17.8925	17.6358	17.7981
August	17.8469	17.6732	17.7888
September	17.9006	17.6806	17.7823
October	17.9709	17.7140	17.8415
November	18.0004	17.8036	17.8715
December	17.9229	17.7444	17.8111