2014 MKD to ANG Historical Review

YEARLY HIGH

0.0404 ANG

YEARLY LOW

0.0354 ANG

YEARLY AVERAGE

0.0386 ANG

2014 MKD to ANG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to ANG exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.0404. Conversely, the yearly low was recorded on December 31, dropping to 0.0354.

This high-to-low spread represents a total annual volatility of 0.0050 ANG. From a start-to-finish perspective, comparing the January average rate of 0.0396 to the December average rate of 0.0358, the exchange rate registered a net change of -9.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0404 was down 0.08% compared to the 2013 peak of 0.0405, 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 202 ANG

2013 Average 192 ANG

Yearly Trough Low 177 ANG

Transaction Impact: A difference of 25.25 ANG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0405

0.0353

JanuMarcMayJulySeptNove

MKD to ANG 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 0.0398, compared to 0.0374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.0398

H2 Avg (Jul–Dec) 0.0374

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0017 ANG (High: 0.0382 / Low: 0.0365). On the other end, June was the most stable month, with a tight range of 0.0002 ANG (High: 0.0395 / Low: 0.0393).

September Spread (Volatile) ±0.0017

June Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0012 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.0401) against the same month in 2013 (average: 0.0378), the exchange rate shifted by +0.0023 (+6.21%).

2014 Avg (March) 0.0401

2013 Avg (March) 0.0378

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0400	0.0393	0.0396
February	0.0399	0.0392	0.0396
March	0.0404	0.0399	0.0401
April	0.0403	0.0398	0.0401
May	0.0404	0.0395	0.0399
June	0.0395	0.0393	0.0394
July	0.0396	0.0393	0.0394
August	0.0393	0.0383	0.0387
September	0.0382	0.0365	0.0375
October	0.0371	0.0365	0.0367
November	0.0364	0.0359	0.0361
December	0.0362	0.0354	0.0358