2014 MKD to AZN Historical Review

YEARLY HIGH

0.0177 AZN

YEARLY LOW

0.0155 AZN

YEARLY AVERAGE

0.0169 AZN

2014 MKD to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 7, valuing the pair at 0.0177. Conversely, the yearly low was recorded on December 31, dropping to 0.0155.

This high-to-low spread represents a total annual volatility of 0.0022 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0174 to the December average rate of 0.0157, the exchange rate registered a net change of -9.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0177 was down 0.03% compared to the 2013 peak of 0.0177, 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 89 AZN

2013 Average 84 AZN

Yearly Trough Low 77 AZN

Transaction Impact: A difference of 11.19 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0178

0.0155

JanuMarcMayJulySeptNove

MKD to AZN 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 0.0174, compared to 0.0164 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0174

H2 Avg (Jul–Dec) 0.0164

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0007 AZN (High: 0.0168 / Low: 0.0160). On the other end, June was the most stable month, with a tight range of 0.0001 AZN (High: 0.0174 / Low: 0.0173).

September Spread (Volatile) ±0.0007

June Spread (Stable) ±0.0001

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 0.0005 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.0175) against the same month in 2013 (average: 0.0165), the exchange rate shifted by +0.0010 (+5.91%).

2014 Avg (May) 0.0175

2013 Avg (May) 0.0165

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0176	0.0172	0.0174
February	0.0175	0.0172	0.0174
March	0.0177	0.0175	0.0176
April	0.0177	0.0174	0.0176
May	0.0177	0.0173	0.0175
June	0.0174	0.0173	0.0173
July	0.0174	0.0172	0.0173
August	0.0172	0.0168	0.0170
September	0.0168	0.0160	0.0165
October	0.0163	0.0160	0.0161
November	0.0160	0.0158	0.0159
December	0.0159	0.0155	0.0157