2014 MKD to MAD Historical Review

YEARLY HIGH

0.1837 MAD

YEARLY LOW

0.1779 MAD

YEARLY AVERAGE

0.1813 MAD

2014 MKD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 0.1837. Conversely, the yearly low was recorded on November 15, dropping to 0.1779.

This high-to-low spread represents a total annual volatility of 0.0058 MAD. From a start-to-finish perspective, comparing the January average rate of 0.1822 to the December average rate of 0.1789, the exchange rate registered a net change of -1.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1837 was down 2.15% compared to the 2013 peak of 0.1877, 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 918 MAD

2013 Average 904 MAD

Yearly Trough Low 889 MAD

Transaction Impact: A difference of 28.80 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1828

0.1785

JanuMarcMayJulySeptNove

MKD to MAD 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 0.1822, compared to 0.1805 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.1822

H2 Avg (Jul–Dec) 0.1805

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0030 MAD (High: 0.1821 / Low: 0.1791). On the other end, June was the most stable month, with a tight range of 0.0009 MAD (High: 0.1825 / Low: 0.1815).

September Spread (Volatile) ±0.0030

June Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0011 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 0.1824) against the same month in 2013 (average: 0.1808), the exchange rate shifted by +0.0017 (+0.92%).

2014 Avg (July) 0.1824

2013 Avg (July) 0.1808

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1833	0.1814	0.1822
February	0.1824	0.1812	0.1818
March	0.1834	0.1812	0.1824
April	0.1831	0.1819	0.1824
May	0.1835	0.1817	0.1825
June	0.1825	0.1815	0.1820
July	0.1837	0.1817	0.1824
August	0.1833	0.1811	0.1819
September	0.1821	0.1791	0.1809
October	0.1808	0.1788	0.1798
November	0.1798	0.1779	0.1789
December	0.1797	0.1781	0.1789