2014 MKD to HRK Historical Review

YEARLY HIGH

0.1254 HRK

YEARLY LOW

0.1225 HRK

YEARLY AVERAGE

0.1240 HRK

2014 MKD to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 0.1254. Conversely, the yearly low was recorded on June 30, dropping to 0.1225.

This high-to-low spread represents a total annual volatility of 0.0029 HRK. From a start-to-finish perspective, comparing the January average rate of 0.1240 to the December average rate of 0.1247, the exchange rate registered a net change of 0.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1254 was down 1.71% compared to the 2013 peak of 0.1276, 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 627 HRK

2013 Average 613 HRK

Yearly Trough Low 613 HRK

Transaction Impact: A difference of 14.53 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1249

0.1227

JanuMarcMayJulySeptNove

MKD to HRK 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 0.1237, compared to 0.1243 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.1237

H2 Avg (Jul–Dec) 0.1243

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0026 HRK (High: 0.1254 / Low: 0.1229). On the other end, May was the most stable month, with a tight range of 0.0009 HRK (High: 0.1237 / Low: 0.1228).

July Spread (Volatile) ±0.0026

May Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between September and December, 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 May and June, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 0.1239) against the same month in 2013 (average: 0.1219), the exchange rate shifted by +0.0020 (+1.64%).

2014 Avg (July) 0.1239

2013 Avg (July) 0.1219

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1245	0.1237	0.1240
February	0.1245	0.1234	0.1241
March	0.1248	0.1234	0.1242
April	0.1242	0.1233	0.1238
May	0.1237	0.1228	0.1233
June	0.1234	0.1225	0.1229
July	0.1254	0.1229	0.1239
August	0.1252	0.1239	0.1243
September	0.1250	0.1237	0.1242
October	0.1249	0.1233	0.1243
November	0.1249	0.1233	0.1243
December	0.1253	0.1239	0.1247