2014 MKD to BRL Historical Review

YEARLY HIGH

0.0553 BRL

YEARLY LOW

0.0473 BRL

YEARLY AVERAGE

0.0507 BRL

2014 MKD to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 0.0553. Conversely, the yearly low was recorded on September 7, dropping to 0.0473.

This high-to-low spread represents a total annual volatility of 0.0080 BRL. From a start-to-finish perspective, comparing the January average rate of 0.0527 to the December average rate of 0.0530, the exchange rate registered a net change of 0.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0553 was up 4.17% compared to the 2013 peak of 0.0530, 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 276 BRL

2013 Average 232 BRL

Yearly Trough Low 236 BRL

Transaction Impact: A difference of 40.03 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0534

0.0486

JanuMarcMayJulySeptNove

MKD to BRL 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 0.0511, compared to 0.0503 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0511

H2 Avg (Jul–Dec) 0.0503

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0037 BRL (High: 0.0553 / Low: 0.0516). On the other end, July was the most stable month, with a tight range of 0.0009 BRL (High: 0.0497 / Low: 0.0487).

December Spread (Volatile) ±0.0037

July Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.0021 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0530) against the same month in 2013 (average: 0.0522), the exchange rate shifted by +0.0008 (+1.46%).

2014 Avg (December) 0.0530

2013 Avg (December) 0.0522

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0539	0.0516	0.0527
February	0.0534	0.0515	0.0527
March	0.0534	0.0504	0.0522
April	0.0507	0.0491	0.0500
May	0.0504	0.0491	0.0495
June	0.0504	0.0485	0.0493
July	0.0497	0.0487	0.0490
August	0.0498	0.0479	0.0491
September	0.0505	0.0473	0.0490
October	0.0516	0.0490	0.0504
November	0.0527	0.0504	0.0515
December	0.0553	0.0516	0.0530