2014 MGA to MKD Historical Review

YEARLY HIGH

0.0201 MKD

YEARLY LOW

0.0178 MKD

YEARLY AVERAGE

0.0188 MKD

2014 MGA to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MGA to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.0201. Conversely, the yearly low was recorded on October 20, dropping to 0.0178.

This high-to-low spread represents a total annual volatility of 0.0023 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0199 to the December average rate of 0.0192, the exchange rate registered a net change of -3.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0201 was down 8.13% compared to the 2013 peak of 0.0218, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 100 MKD

2013 Average 105 MKD

Yearly Trough Low 89 MKD

Transaction Impact: A difference of 11.47 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0201

0.0178

JanuMarcMayJulySeptNove

MGA 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 0.0192, compared to 0.0184 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0192

H2 Avg (Jul–Dec) 0.0184

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0011 MKD (High: 0.0196 / Low: 0.0185). On the other end, January was the most stable month, with a tight range of 0.0003 MKD (High: 0.0201 / Low: 0.0198).

December Spread (Volatile) ±0.0011

January Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between October and December, 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 January and February, when the average rate fell by 0.0005 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.0199) against the same month in 2013 (average: 0.0211), the exchange rate shifted by -0.0011 (-5.46%).

2014 Avg (January) 0.0199

2013 Avg (January) 0.0211

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0201	0.0198	0.0199
February	0.0198	0.0191	0.0194
March	0.0192	0.0188	0.0190
April	0.0192	0.0187	0.0189
May	0.0192	0.0186	0.0189
June	0.0192	0.0186	0.0188
July	0.0187	0.0182	0.0185
August	0.0186	0.0181	0.0183
September	0.0187	0.0182	0.0183
October	0.0184	0.0178	0.0180
November	0.0184	0.0181	0.0183
December	0.0196	0.0185	0.0192