2014 MKD to BIF Historical Review

YEARLY HIGH

35.1414 BIF

YEARLY LOW

30.8059 BIF

YEARLY AVERAGE

33.5019 BIF

2014 MKD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 35.1414. Conversely, the yearly low was recorded on December 26, dropping to 30.8059.

This high-to-low spread represents a total annual volatility of 4.3356 BIF. From a start-to-finish perspective, comparing the January average rate of 34.2865 to the December average rate of 31.3286, the exchange rate registered a net change of -8.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 35.1414 was up 0.28% compared to the 2013 peak of 35.0426, 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 175,707 BIF

2013 Average 166,566 BIF

Yearly Trough Low 154,029 BIF

Transaction Impact: A difference of 21,677.85 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

35.1561

30.9806

JanuMarcMayJulySeptNove

MKD to BIF 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 34.4640, compared to 32.5398 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.9242 points.

H1 Avg (Jan–Jun) 34.4640

H2 Avg (Jul–Dec) 32.5398

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 1.4944 BIF (High: 33.1891 / Low: 31.6947). On the other end, June was the most stable month, with a tight range of 0.3947 BIF (High: 34.3555 / Low: 33.9608).

September Spread (Volatile) ±1.4944

June Spread (Stable) ±0.3947

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 August and September, when the average rate fell by 1.0820 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.0820

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 34.8082) against the same month in 2013 (average: 32.8769), the exchange rate shifted by +1.9313 (+5.87%).

2014 Avg (March) 34.8082

2013 Avg (March) 32.8769

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.5943	34.0192	34.2865
February	34.7606	34.0234	34.3352
March	35.1414	34.5895	34.8082
April	34.9307	34.3362	34.7165
May	34.9990	34.0987	34.5116
June	34.3555	33.9608	34.1259
July	34.3383	33.7905	34.1354
August	34.0032	33.0224	33.6028
September	33.1891	31.6947	32.5208
October	32.4293	31.3926	32.0723
November	31.8496	31.3439	31.5790
December	31.7493	30.8059	31.3286