2014 MKD to KES Historical Review

YEARLY HIGH

1.9687 KES

YEARLY LOW

1.7906 KES

YEARLY AVERAGE

1.8969 KES

2014 MKD to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on May 7, valuing the pair at 1.9687. Conversely, the yearly low was recorded on December 31, dropping to 1.7906.

This high-to-low spread represents a total annual volatility of 0.1781 KES. From a start-to-finish perspective, comparing the January average rate of 1.9096 to the December average rate of 1.8107, the exchange rate registered a net change of -5.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.9687 was up 1.70% compared to the 2013 peak of 1.9358, 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 9,844 KES

2013 Average 9,257 KES

Yearly Trough Low 8,953 KES

Transaction Impact: A difference of 890.72 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.9639

1.7968

JanuMarcMayJulySeptNove

MKD to KES 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 1.9313, compared to 1.8625 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0688 points.

H1 Avg (Jan–Jun) 1.9313

H2 Avg (Jul–Dec) 1.8625

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0691 KES (High: 1.8951 / Low: 1.8259). On the other end, June was the most stable month, with a tight range of 0.0119 KES (High: 1.9388 / Low: 1.9270).

September Spread (Volatile) ±0.0691

June Spread (Stable) ±0.0119

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 0.0459 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0459

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 1.9500) against the same month in 2013 (average: 1.7699), the exchange rate shifted by +0.1801 (+10.18%).

2014 Avg (May) 1.9500

2013 Avg (May) 1.7699

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9330	1.8859	1.9096
February	1.9295	1.8867	1.9100
March	1.9544	1.9279	1.9402
April	1.9561	1.9256	1.9446
May	1.9687	1.9376	1.9500
June	1.9388	1.9270	1.9336
July	1.9476	1.9288	1.9341
August	1.9309	1.8956	1.9113
September	1.8951	1.8259	1.8655
October	1.8488	1.8258	1.8351
November	1.8335	1.8060	1.8184
December	1.8369	1.7906	1.8107