2014 MKD to BTN Historical Review

YEARLY HIGH

1.4000 BTN

YEARLY LOW

1.2373 BTN

YEARLY AVERAGE

1.3167 BTN

2014 MKD to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 1.4000. Conversely, the yearly low was recorded on November 6, dropping to 1.2373.

This high-to-low spread represents a total annual volatility of 0.1627 BTN. From a start-to-finish perspective, comparing the January average rate of 1.3741 to the December average rate of 1.2564, the exchange rate registered a net change of -8.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.4000 was down 4.88% compared to the 2013 peak of 1.4718, 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 7,000 BTN

2013 Average 6,300 BTN

Yearly Trough Low 6,187 BTN

Transaction Impact: A difference of 813.68 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.3907

1.2341

JanuMarcMayJulySeptNove

MKD to BTN 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 1.3523, compared to 1.2810 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0713 points.

H1 Avg (Jan–Jun) 1.3523

H2 Avg (Jul–Dec) 1.2810

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0659 BTN (High: 1.3582 / Low: 1.2923). On the other end, February was the most stable month, with a tight range of 0.0151 BTN (High: 1.3849 / Low: 1.3698).

May Spread (Volatile) ±0.0659

February Spread (Stable) ±0.0151

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 0.0424 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0424

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.3741) against the same month in 2013 (average: 1.1525), the exchange rate shifted by +0.2216 (+19.23%).

2014 Avg (January) 1.3741

2013 Avg (January) 1.1525

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4000	1.3554	1.3741
February	1.3849	1.3698	1.3776
March	1.3844	1.3342	1.3675
April	1.3680	1.3366	1.3524
May	1.3582	1.2923	1.3242
June	1.3306	1.3051	1.3181
July	1.3327	1.3173	1.3235
August	1.3442	1.2962	1.3196
September	1.2965	1.2619	1.2772
October	1.2759	1.2535	1.2625
November	1.2595	1.2373	1.2471
December	1.2855	1.2409	1.2564