2014 MKD to HTG Historical Review

YEARLY HIGH

1.0296 HTG

YEARLY LOW

0.8646 HTG

YEARLY AVERAGE

0.9604 HTG

2014 MKD to HTG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to HTG exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 1.0296. Conversely, the yearly low was recorded on February 24, dropping to 0.8646.

This high-to-low spread represents a total annual volatility of 0.1650 HTG. From a start-to-finish perspective, comparing the January average rate of 0.9502 to the December average rate of 0.9312, the exchange rate registered a net change of -2.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.0296 was up 4.88% compared to the 2013 peak of 0.9817, 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 5,148 HTG

2013 Average 4,573 HTG

Yearly Trough Low 4,323 HTG

Transaction Impact: A difference of 825.05 HTG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0148

0.8820

JanuMarcMayJulySeptNove

MKD to HTG 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 0.9726, compared to 0.9482 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0244 points.

H1 Avg (Jan–Jun) 0.9726

H2 Avg (Jul–Dec) 0.9482

Volatility Range Comparison

Volatility

The most volatile month in 2014 was February, with a trading range of 0.1163 HTG (High: 0.9809 / Low: 0.8646). On the other end, June was the most stable month, with a tight range of 0.0124 HTG (High: 1.0001 / Low: 0.9878).

February Spread (Volatile) ±0.1163

June Spread (Stable) ±0.0124

Growth Streaks & Declines

Trends

Between February and May, 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 January and February, when the average rate fell by 0.0572 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0572

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.9920) against the same month in 2013 (average: 0.8977), the exchange rate shifted by +0.0943 (+10.51%).

2014 Avg (March) 0.9920

2013 Avg (March) 0.8977

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9788	0.9113	0.9502
February	0.9809	0.8646	0.8931
March	1.0296	0.9746	0.9920
April	1.0092	0.9901	1.0010
May	1.0185	0.9946	1.0037
June	1.0001	0.9878	0.9956
July	0.9978	0.9854	0.9890
August	0.9871	0.9565	0.9739
September	0.9553	0.9125	0.9407
October	0.9343	0.9098	0.9226
November	0.9435	0.9115	0.9317
December	0.9441	0.9202	0.9312