2014 MKD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 MKD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the MKD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 3.7285. Conversely, the yearly low was recorded on November 9, dropping to 3.3424.
This high-to-low spread represents a total annual volatility of 0.3861 NGN. From a start-to-finish perspective, comparing the January average rate of 3.5443 to the December average rate of 3.6434, the exchange rate registered a net change of 2.80% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 3.7285 was up 3.23% compared to the 2013 peak of 3.6119, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
MKD to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 3.6179, compared to 3.5029 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1150 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was November, with a trading range of 0.2704 NGN (High: 3.6128 / Low: 3.3424). On the other end, June was the most stable month, with a tight range of 0.0293 NGN (High: 3.6164 / Low: 3.5870).
Growth Streaks & Declines
TrendsBetween January and March, 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 August and September, when the average rate fell by 0.0883 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2014: 3.6944) against the same month in 2013 (average: 3.3437), the exchange rate shifted by +0.3507 (+10.49%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.6038 | 3.5055 | 3.5443 |
| February | 3.6957 | 3.5667 | 3.6275 |
| March | 3.7285 | 3.6553 | 3.6944 |
| April | 3.6838 | 3.6110 | 3.6354 |
| May | 3.6471 | 3.5802 | 3.6073 |
| June | 3.6164 | 3.5870 | 3.5987 |
| July | 3.6117 | 3.5571 | 3.5761 |
| August | 3.5522 | 3.4723 | 3.5138 |
| September | 3.4746 | 3.3493 | 3.4255 |
| October | 3.4296 | 3.3452 | 3.3878 |
| November | 3.6128 | 3.3424 | 3.4710 |
| December | 3.7134 | 3.6137 | 3.6434 |