2014 MKD to HNL Historical Review

YEARLY HIGH

0.4648 HNL

YEARLY LOW

0.4157 HNL

YEARLY AVERAGE

0.4401 HNL

2014 MKD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 1, valuing the pair at 0.4648. Conversely, the yearly low was recorded on December 31, dropping to 0.4157.

This high-to-low spread represents a total annual volatility of 0.0491 HNL. From a start-to-finish perspective, comparing the January average rate of 0.4440 to the December average rate of 0.4222, the exchange rate registered a net change of -4.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4648 was up 0.64% compared to the 2013 peak of 0.4619, 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 2,324 HNL

2013 Average 2,160 HNL

Yearly Trough Low 2,078 HNL

Transaction Impact: A difference of 245.74 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4658

0.4183

JanuMarcMayJulySeptNove

MKD to HNL 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 0.4387, compared to 0.4414 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) 0.4387

H2 Avg (Jul–Dec) 0.4414

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0352 HNL (High: 0.4569 / Low: 0.4218). On the other end, April was the most stable month, with a tight range of 0.0040 HNL (High: 0.4312 / Low: 0.4272).

May Spread (Volatile) ±0.0352

April Spread (Stable) ±0.0040

Growth Streaks & Declines

Trends

Between May and July, 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 0.0124 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0124

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 0.4618) against the same month in 2013 (average: 0.4310), the exchange rate shifted by +0.0308 (+7.16%).

2014 Avg (July) 0.4618

2013 Avg (July) 0.4310

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4537	0.4375	0.4440
February	0.4394	0.4338	0.4371
March	0.4388	0.4284	0.4335
April	0.4312	0.4272	0.4293
May	0.4569	0.4218	0.4284
June	0.4638	0.4566	0.4597
July	0.4648	0.4601	0.4618
August	0.4601	0.4512	0.4555
September	0.4510	0.4318	0.4431
October	0.4416	0.4317	0.4368
November	0.4337	0.4264	0.4293
December	0.4290	0.4157	0.4222