2014 MKD to ALL Historical Review

YEARLY HIGH

2.2952 ALL

YEARLY LOW

2.2434 ALL

YEARLY AVERAGE

2.2738 ALL

2014 MKD to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 19, valuing the pair at 2.2952. Conversely, the yearly low was recorded on October 15, dropping to 2.2434.

This high-to-low spread represents a total annual volatility of 0.0518 ALL. From a start-to-finish perspective, comparing the January average rate of 2.2848 to the December average rate of 2.2779, the exchange rate registered a net change of -0.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.2952 was down 2.13% compared to the 2013 peak of 2.3451, 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 11,476 ALL

2013 Average 11,356 ALL

Yearly Trough Low 11,217 ALL

Transaction Impact: A difference of 258.94 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.2870

2.2603

JanuMarcMayJulySeptNove

MKD to ALL 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 2.2763, compared to 2.2712 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 2.2763

H2 Avg (Jul–Dec) 2.2712

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 0.0440 ALL (High: 2.2874 / Low: 2.2434). On the other end, June was the most stable month, with a tight range of 0.0137 ALL (High: 2.2795 / Low: 2.2658).

October Spread (Volatile) ±0.0440

June Spread (Stable) ±0.0137

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 September and October, when the average rate fell by 0.0171 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0171

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 2.2848) against the same month in 2013 (average: 2.2281), the exchange rate shifted by +0.0567 (+2.55%).

2014 Avg (January) 2.2848

2013 Avg (January) 2.2281

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2952	2.2760	2.2848
February	2.2861	2.2659	2.2767
March	2.2858	2.2637	2.2762
April	2.2831	2.2645	2.2725
May	2.2832	2.2678	2.2744
June	2.2795	2.2658	2.2736
July	2.2842	2.2700	2.2772
August	2.2823	2.2586	2.2674
September	2.2943	2.2633	2.2796
October	2.2874	2.2434	2.2626
November	2.2788	2.2462	2.2628
December	2.2864	2.2666	2.2779