2014 MKD to BGN Historical Review

YEARLY HIGH

0.0321 BGN

YEARLY LOW

0.0315 BGN

YEARLY AVERAGE

0.0318 BGN

2014 MKD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 0.0321. Conversely, the yearly low was recorded on November 14, dropping to 0.0315.

This high-to-low spread represents a total annual volatility of 0.0007 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0318 to the December average rate of 0.0318, the exchange rate registered a net change of -0.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0321 was down 1.92% compared to the 2013 peak of 0.0328, 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 161 BGN

2013 Average 158 BGN

Yearly Trough Low 157 BGN

Transaction Impact: A difference of 3.32 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0319

0.0317

JanuMarcMayJulySeptNove

MKD to BGN 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 0.0318, compared to 0.0318 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0318

H2 Avg (Jul–Dec) 0.0318

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0005 BGN (High: 0.0321 / Low: 0.0317). On the other end, February was the most stable month, with a tight range of 0.0002 BGN (High: 0.0318 / Low: 0.0316).

July Spread (Volatile) ±0.0005

February Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 0.0318) against the same month in 2013 (average: 0.0318), the exchange rate shifted by +0.0001 (+0.18%).

2014 Avg (July) 0.0318

2013 Avg (July) 0.0318

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0319	0.0317	0.0318
February	0.0318	0.0316	0.0317
March	0.0319	0.0316	0.0317
April	0.0319	0.0317	0.0318
May	0.0319	0.0317	0.0318
June	0.0319	0.0317	0.0318
July	0.0321	0.0317	0.0318
August	0.0321	0.0318	0.0319
September	0.0320	0.0317	0.0319
October	0.0320	0.0315	0.0318
November	0.0318	0.0315	0.0317
December	0.0319	0.0316	0.0318