2014 MKD to GEL Historical Review

YEARLY HIGH

0.0398 GEL

YEARLY LOW

0.0349 GEL

YEARLY AVERAGE

0.0380 GEL

2014 MKD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on May 7, valuing the pair at 0.0398. Conversely, the yearly low was recorded on December 31, dropping to 0.0349.

This high-to-low spread represents a total annual volatility of 0.0049 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0390 to the December average rate of 0.0357, the exchange rate registered a net change of -8.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0398 was up 1.62% compared to the 2013 peak of 0.0392, 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 199 GEL

2013 Average 179 GEL

Yearly Trough Low 174 GEL

Transaction Impact: A difference of 24.68 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0398

0.0353

JanuMarcMayJulySeptNove

MKD to GEL 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 0.0391, compared to 0.0368 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.0391

H2 Avg (Jul–Dec) 0.0368

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0021 GEL (High: 0.0370 / Low: 0.0349). On the other end, June was the most stable month, with a tight range of 0.0002 GEL (High: 0.0391 / Low: 0.0389).

December Spread (Volatile) ±0.0021

June Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between February and April, 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 August and September, when the average rate fell by 0.0010 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.0393) against the same month in 2013 (average: 0.0345), the exchange rate shifted by +0.0048 (+13.86%).

2014 Avg (May) 0.0393

2013 Avg (May) 0.0345

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0394	0.0387	0.0390
February	0.0391	0.0384	0.0388
March	0.0394	0.0390	0.0392
April	0.0397	0.0390	0.0394
May	0.0398	0.0391	0.0393
June	0.0391	0.0389	0.0390
July	0.0391	0.0383	0.0388
August	0.0384	0.0374	0.0378
September	0.0374	0.0359	0.0368
October	0.0365	0.0359	0.0362
November	0.0366	0.0354	0.0358
December	0.0370	0.0349	0.0357