2014 MKD to BYR Historical Review

YEARLY HIGH

227.0159 BYR

YEARLY LOW

210.8836 BYR

YEARLY AVERAGE

220.7240 BYR

2014 MKD to BYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to BYR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 227.0159. Conversely, the yearly low was recorded on January 9, dropping to 210.8836.

This high-to-low spread represents a total annual volatility of 16.1323 BYR. From a start-to-finish perspective, comparing the January average rate of 212.2271 to the December average rate of 219.4076, the exchange rate registered a net change of 3.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 227.0159 was up 6.03% compared to the 2013 peak of 214.0964, 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 1,135,080 BYR

2013 Average 957,081 BYR

Yearly Trough Low 1,054,418 BYR

Transaction Impact: A difference of 80,661.63 BYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

227.4222

210.8458

JanuMarcMayJulySeptNove

MKD to BYR 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 219.8711, compared to 221.5770 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7058 points.

H1 Avg (Jan–Jun) 219.8711

H2 Avg (Jul–Dec) 221.5770

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 6.8422 BYR (High: 224.1417 / Low: 217.2995). On the other end, July was the most stable month, with a tight range of 2.6260 BYR (High: 226.7792 / Low: 224.1532).

December Spread (Volatile) ±6.8422

July Spread (Stable) ±2.6260

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 4.0692 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -4.0692

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 224.9978) against the same month in 2013 (average: 192.5801), the exchange rate shifted by +32.4177 (+16.83%).

2014 Avg (August) 224.9978

2013 Avg (August) 192.5801

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	213.6644	210.8836	212.2271
February	218.3688	211.8161	215.1122
March	222.2126	218.3665	220.4378
April	224.7277	220.2759	223.0204
May	226.2210	222.5318	224.0135
June	226.2518	223.3959	224.4157
July	226.7792	224.1532	226.0408
August	227.0159	223.4606	224.9978
September	223.6233	216.8469	220.9286
October	221.7040	216.5186	219.6170
November	220.7331	216.1919	218.4699
December	224.1417	217.2995	219.4076