2014 MKD to GMD Historical Review

YEARLY HIGH

0.8945 GMD

YEARLY LOW

0.8093 GMD

YEARLY AVERAGE

0.8601 GMD

2014 MKD to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 7, valuing the pair at 0.8945. Conversely, the yearly low was recorded on October 1, dropping to 0.8093.

This high-to-low spread represents a total annual volatility of 0.0852 GMD. From a start-to-finish perspective, comparing the January average rate of 0.8431 to the December average rate of 0.8631, the exchange rate registered a net change of 2.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.8945 was up 5.03% compared to the 2013 peak of 0.8517, 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 4,473 GMD

2013 Average 3,641 GMD

Yearly Trough Low 4,047 GMD

Transaction Impact: A difference of 426.08 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.8900

0.8275

JanuMarcMayJulySeptNove

MKD to GMD 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 0.8626, compared to 0.8576 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0049 points.

H1 Avg (Jan–Jun) 0.8626

H2 Avg (Jul–Dec) 0.8576

Volatility Range Comparison

Volatility

The most volatile month in 2014 was October, with a trading range of 0.0813 GMD (High: 0.8906 / Low: 0.8093). On the other end, June was the most stable month, with a tight range of 0.0109 GMD (High: 0.8826 / Low: 0.8717).

October Spread (Volatile) ±0.0813

June Spread (Stable) ±0.0109

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0288 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0288

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.8848) against the same month in 2013 (average: 0.7040), the exchange rate shifted by +0.1809 (+25.69%).

2014 Avg (May) 0.8848

2013 Avg (May) 0.7040

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8498	0.8371	0.8431
February	0.8533	0.8348	0.8446
March	0.8611	0.8490	0.8551
April	0.8942	0.8469	0.8717
May	0.8945	0.8743	0.8848
June	0.8826	0.8717	0.8760
July	0.8790	0.8675	0.8733
August	0.8712	0.8508	0.8615
September	0.8547	0.8099	0.8327
October	0.8906	0.8093	0.8434
November	0.8790	0.8678	0.8717
December	0.8744	0.8484	0.8631