2014 MKD to AFN Historical Review

YEARLY HIGH

1.2885 AFN

YEARLY LOW

1.1492 AFN

YEARLY AVERAGE

1.2300 AFN

2014 MKD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 1.2885. Conversely, the yearly low was recorded on December 26, dropping to 1.1492.

This high-to-low spread represents a total annual volatility of 0.1393 AFN. From a start-to-finish perspective, comparing the January average rate of 1.2455 to the December average rate of 1.1610, the exchange rate registered a net change of -6.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.2885 was down 0.88% compared to the 2013 peak of 1.2999, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,442 AFN

2013 Average 5,890 AFN

Yearly Trough Low 5,746 AFN

Transaction Impact: A difference of 696.42 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.2885

1.1494

JanuMarcMayJulySeptNove

MKD to AFN 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 1.2645, compared to 1.1954 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0690 points.

H1 Avg (Jan–Jun) 1.2645

H2 Avg (Jul–Dec) 1.1954

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 0.0436 AFN (High: 1.2505 / Low: 1.2069). On the other end, March was the most stable month, with a tight range of 0.0212 AFN (High: 1.2885 / Low: 1.2673).

August Spread (Volatile) ±0.0436

March Spread (Stable) ±0.0212

Growth Streaks & Declines

Trends

Between January and March, 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 July and August, when the average rate fell by 0.0327 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0327

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 1.2769) against the same month in 2013 (average: 1.1205), the exchange rate shifted by +0.1564 (+13.96%).

2014 Avg (March) 1.2769

2013 Avg (March) 1.1205

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2724	1.2332	1.2455
February	1.2715	1.2357	1.2559
March	1.2885	1.2673	1.2769
April	1.2825	1.2588	1.2734
May	1.2857	1.2550	1.2680
June	1.2814	1.2576	1.2671
July	1.2734	1.2317	1.2537
August	1.2505	1.2069	1.2209
September	1.2064	1.1650	1.1918
October	1.1976	1.1649	1.1786
November	1.1786	1.1563	1.1666
December	1.1781	1.1492	1.1610