2014 MKD to IRR Historical Review

YEARLY HIGH

576.4698 IRR

YEARLY LOW

533.8021 IRR

YEARLY AVERAGE

557.0047 IRR

2014 MKD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 1, valuing the pair at 576.4698. Conversely, the yearly low was recorded on December 23, dropping to 533.8021.

This high-to-low spread represents a total annual volatility of 42.6677 IRR. From a start-to-finish perspective, comparing the January average rate of 547.9197 to the December average rate of 538.4663, the exchange rate registered a net change of -1.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 576.4698 was up 1.99% compared to the 2013 peak of 565.2100, 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 2,882,349 IRR

2013 Average 1,892,098 IRR

Yearly Trough Low 2,669,010 IRR

Transaction Impact: A difference of 213,338.61 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

574.7817

535.1649

JanuMarcMayJulySeptNove

MKD to IRR 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 559.8001, compared to 554.2093 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.5908 points.

H1 Avg (Jan–Jun) 559.8001

H2 Avg (Jul–Dec) 554.2093

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 23.6617 IRR (High: 568.4138 / Low: 544.7521). On the other end, June was the most stable month, with a tight range of 3.7112 IRR (High: 566.5867 / Low: 562.8755).

September Spread (Volatile) ±23.6617

June Spread (Stable) ±3.7112

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 13.2473 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -13.2473

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 571.4803) against the same month in 2013 (average: 526.5593), the exchange rate shifted by +44.9210 (+8.53%).

2014 Avg (August) 571.4803

2013 Avg (August) 526.5593

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	554.3034	541.8767	547.9197
February	555.5393	544.5214	549.9342
March	564.4518	554.9190	560.3687
April	573.2188	561.8105	567.3840
May	576.0020	563.6104	568.8645
June	566.5867	562.8755	564.3294
July	576.0629	565.9253	569.1040
August	576.4698	566.1621	571.4803
September	568.4138	544.7521	558.2330
October	552.6601	544.6205	547.9938
November	543.6465	536.4405	539.9781
December	544.9094	533.8021	538.4663