2014 MKD to ETB Historical Review

YEARLY HIGH

0.4408 ETB

YEARLY LOW

0.3996 ETB

YEARLY AVERAGE

0.4243 ETB

2014 MKD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 0.4408. Conversely, the yearly low was recorded on December 30, dropping to 0.3996.

This high-to-low spread represents a total annual volatility of 0.0411 ETB. From a start-to-finish perspective, comparing the January average rate of 0.4243 to the December average rate of 0.4039, the exchange rate registered a net change of -4.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4408 was up 2.16% compared to the 2013 peak of 0.4314, 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 2,204 ETB

2013 Average 2,012 ETB

Yearly Trough Low 1,998 ETB

Transaction Impact: A difference of 205.61 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4392

0.4007

JanuMarcMayJulySeptNove

MKD to ETB 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 0.4311, compared to 0.4175 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0136 points.

H1 Avg (Jan–Jun) 0.4311

H2 Avg (Jul–Dec) 0.4175

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0174 ETB (High: 0.4254 / Low: 0.4080). On the other end, July was the most stable month, with a tight range of 0.0017 ETB (High: 0.4356 / Low: 0.4339).

September Spread (Volatile) ±0.0174

July Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0114 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0114

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.4353) against the same month in 2013 (average: 0.3922), the exchange rate shifted by +0.0432 (+11.00%).

2014 Avg (May) 0.4353

2013 Avg (May) 0.3922

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4276	0.4212	0.4243
February	0.4314	0.4174	0.4260
March	0.4364	0.4293	0.4327
April	0.4395	0.4320	0.4360
May	0.4408	0.4318	0.4353
June	0.4336	0.4309	0.4322
July	0.4356	0.4339	0.4347
August	0.4348	0.4257	0.4300
September	0.4254	0.4080	0.4186
October	0.4158	0.4077	0.4117
November	0.4090	0.4029	0.4060
December	0.4091	0.3996	0.4039