2014 MKD to GNF Historical Review

YEARLY HIGH

160.5313 GNF

YEARLY LOW

138.9458 GNF

YEARLY AVERAGE

151.2934 GNF

2014 MKD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 160.5313. Conversely, the yearly low was recorded on December 31, dropping to 138.9458.

This high-to-low spread represents a total annual volatility of 21.5856 GNF. From a start-to-finish perspective, comparing the January average rate of 154.6216 to the December average rate of 141.2187, the exchange rate registered a net change of -8.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 160.5313 was up 0.97% compared to the 2013 peak of 158.9953, 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 802,657 GNF

2013 Average 754,605 GNF

Yearly Trough Low 694,729 GNF

Transaction Impact: A difference of 107,927.76 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

158.8034

139.6201

JanuMarcMayJulySeptNove

MKD to GNF 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 155.5712, compared to 147.0155 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.5557 points.

H1 Avg (Jan–Jun) 155.5712

H2 Avg (Jul–Dec) 147.0155

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 6.3564 GNF (High: 160.5313 / Low: 154.1749). On the other end, July was the most stable month, with a tight range of 2.9000 GNF (High: 155.9726 / Low: 153.0726).

March Spread (Volatile) ±6.3564

July Spread (Stable) ±2.9000

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 August and September, when the average rate fell by 4.4258 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.4258

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 157.2048) against the same month in 2013 (average: 150.2568), the exchange rate shifted by +6.9480 (+4.62%).

2014 Avg (March) 157.2048

2013 Avg (March) 150.2568

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	156.3335	152.8339	154.6216
February	156.6279	153.0707	155.1927
March	160.5313	154.1749	157.2048
April	157.8725	154.7522	156.5501
May	158.6269	152.8412	155.9077
June	155.1940	151.7595	153.9505
July	155.9726	153.0726	154.8532
August	153.9009	148.8153	151.5677
September	148.7902	144.0582	147.1419
October	147.3317	143.6776	144.8831
November	144.0344	140.8560	142.4285
December	143.3684	138.9458	141.2187