2014 MKD to ISK Historical Review

YEARLY HIGH

2.5844 ISK

YEARLY LOW

2.4690 ISK

YEARLY AVERAGE

2.5146 ISK

2014 MKD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 2.5844. Conversely, the yearly low was recorded on October 8, dropping to 2.4690.

This high-to-low spread represents a total annual volatility of 0.1153 ISK. From a start-to-finish perspective, comparing the January average rate of 2.5624 to the December average rate of 2.5076, the exchange rate registered a net change of -2.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.5844 was down 6.13% compared to the 2013 peak of 2.7530, 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 12,922 ISK

2013 Average 13,120 ISK

Yearly Trough Low 12,345 ISK

Transaction Impact: A difference of 576.69 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.5701

2.4770

JanuMarcMayJulySeptNove

MKD to ISK 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 2.5263, compared to 2.5030 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0233 points.

H1 Avg (Jan–Jun) 2.5263

H2 Avg (Jul–Dec) 2.5030

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.0484 ISK (High: 2.5559 / Low: 2.5075). On the other end, April was the most stable month, with a tight range of 0.0171 ISK (High: 2.5280 / Low: 2.5110).

March Spread (Volatile) ±0.0484

April Spread (Stable) ±0.0171

Growth Streaks & Declines

Trends

Between October and December, 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 January and February, when the average rate fell by 0.0332 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0332

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 2.5624) against the same month in 2013 (average: 2.7275), the exchange rate shifted by -0.1651 (-6.05%).

2014 Avg (January) 2.5624

2013 Avg (January) 2.7275

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5844	2.5410	2.5624
February	2.5437	2.5128	2.5292
March	2.5559	2.5075	2.5302
April	2.5280	2.5110	2.5165
May	2.5284	2.4945	2.5116
June	2.5188	2.4935	2.5078
July	2.5351	2.4932	2.5164
August	2.5336	2.5026	2.5137
September	2.5076	2.4742	2.4968
October	2.5021	2.4690	2.4848
November	2.5139	2.4828	2.4985
December	2.5272	2.4853	2.5076