2014 MKD to CLP Historical Review

YEARLY HIGH

12.9537 CLP

YEARLY LOW

11.6958 CLP

YEARLY AVERAGE

12.2972 CLP

2014 MKD to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 12.9537. Conversely, the yearly low was recorded on January 15, dropping to 11.6958.

This high-to-low spread represents a total annual volatility of 1.2579 CLP. From a start-to-finish perspective, comparing the January average rate of 11.9048 to the December average rate of 12.2631, the exchange rate registered a net change of 3.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 12.9537 was up 8.77% compared to the 2013 peak of 11.9094, 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 64,768 CLP

2013 Average 53,290 CLP

Yearly Trough Low 58,479 CLP

Transaction Impact: A difference of 6,289.36 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

12.7016

11.8324

JanuMarcMayJulySeptNove

MKD to CLP 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 12.3082, compared to 12.2863 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0219 points.

H1 Avg (Jan–Jun) 12.3082

H2 Avg (Jul–Dec) 12.2863

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.6797 CLP (High: 12.9537 / Low: 12.2740). On the other end, June was the most stable month, with a tight range of 0.1873 CLP (High: 12.3197 / Low: 12.1324).

March Spread (Volatile) ±0.6797

June Spread (Stable) ±0.1873

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 September and October, when the average rate fell by 0.3600 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3600

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 12.6291) against the same month in 2013 (average: 9.9768), the exchange rate shifted by +2.6524 (+26.59%).

2014 Avg (March) 12.6291

2013 Avg (March) 9.9768

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.2222	11.6958	11.9048
February	12.4954	12.1368	12.2620
March	12.9537	12.2740	12.6291
April	12.6775	12.2379	12.4472
May	12.7747	12.1276	12.3963
June	12.3197	12.1324	12.2096
July	12.5743	12.1028	12.3106
August	12.7172	12.4955	12.5688
September	12.6197	12.2510	12.4697
October	12.2319	11.7755	12.1097
November	12.3137	11.7356	11.9958
December	12.5813	11.9766	12.2631