2014 MKD to CVE Historical Review

YEARLY HIGH

1.8030 CVE

YEARLY LOW

1.7683 CVE

YEARLY AVERAGE

1.7835 CVE

2014 MKD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 1.8030. Conversely, the yearly low was recorded on March 14, dropping to 1.7683.

This high-to-low spread represents a total annual volatility of 0.0347 CVE. From a start-to-finish perspective, comparing the January average rate of 1.7870 to the December average rate of 1.7866, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.8030 was down 1.87% compared to the 2013 peak of 1.8373, 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 9,015 CVE

2013 Average 8,911 CVE

Yearly Trough Low 8,841 CVE

Transaction Impact: A difference of 173.47 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.7908

1.7780

JanuMarcMayJulySeptNove

MKD to CVE 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 1.7820, compared to 1.7849 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 1.7820

H2 Avg (Jul–Dec) 1.7849

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0274 CVE (High: 1.8030 / Low: 1.7756). On the other end, May was the most stable month, with a tight range of 0.0108 CVE (High: 1.7871 / Low: 1.7763).

July Spread (Volatile) ±0.0274

May Spread (Stable) ±0.0108

Growth Streaks & Declines

Trends

Between February and May, 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 January and February, when the average rate fell by 0.0080 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0080

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 1.7853) against the same month in 2013 (average: 1.7917), the exchange rate shifted by -0.0064 (-0.36%).

2014 Avg (July) 1.7853

2013 Avg (July) 1.7917

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7976	1.7776	1.7870
February	1.7861	1.7720	1.7791
March	1.7874	1.7683	1.7794
April	1.7896	1.7772	1.7823
May	1.7871	1.7763	1.7825
June	1.7887	1.7763	1.7820
July	1.8030	1.7756	1.7853
August	1.7999	1.7771	1.7860
September	1.8017	1.7744	1.7897
October	1.7955	1.7711	1.7823
November	1.7861	1.7702	1.7793
December	1.7939	1.7774	1.7866