2014 MKD to MRO Historical Review

YEARLY HIGH

6.7015 MRO

YEARLY LOW

5.7687 MRO

YEARLY AVERAGE

6.3058 MRO

2014 MKD to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on April 13, valuing the pair at 6.7015. Conversely, the yearly low was recorded on December 28, dropping to 5.7687.

This high-to-low spread represents a total annual volatility of 0.9328 MRO. From a start-to-finish perspective, comparing the January average rate of 6.4374 to the December average rate of 5.8230, the exchange rate registered a net change of -9.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 6.7015 was down 1.99% compared to the 2013 peak of 6.8374, 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 33,508 MRO

2013 Average 31,572 MRO

Yearly Trough Low 28,844 MRO

Transaction Impact: A difference of 4,663.97 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

6.6940

5.7438

JanuMarcMayJulySeptNove

MKD to MRO 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 6.5086, compared to 6.1031 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4055 points.

H1 Avg (Jan–Jun) 6.5086

H2 Avg (Jul–Dec) 6.1031

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.2766 MRO (High: 6.2392 / Low: 5.9626). On the other end, July was the most stable month, with a tight range of 0.0621 MRO (High: 6.4635 / Low: 6.4013).

September Spread (Volatile) ±0.2766

July Spread (Stable) ±0.0621

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.2111 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2014: 6.6148) against the same month in 2013 (average: 5.7795), the exchange rate shifted by +0.8353 (+14.45%).

2014 Avg (April) 6.6148

2013 Avg (April) 5.7795

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.5102	6.3779	6.4374
February	6.4956	6.3420	6.4392
March	6.6411	6.4824	6.5583
April	6.7015	6.4956	6.6148
May	6.6558	6.4400	6.5521
June	6.4853	6.4118	6.4497
July	6.4635	6.4013	6.4296
August	6.4141	6.2402	6.3329
September	6.2392	5.9626	6.1219
October	6.0836	5.9329	6.0084
November	5.9932	5.8487	5.9025
December	5.8989	5.7687	5.8230