2014 MKD to NPR Historical Review

YEARLY HIGH

2.2403 NPR

YEARLY LOW

1.9806 NPR

YEARLY AVERAGE

2.1096 NPR

2014 MKD to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 2.2403. Conversely, the yearly low was recorded on December 9, dropping to 1.9806.

This high-to-low spread represents a total annual volatility of 0.2598 NPR. From a start-to-finish perspective, comparing the January average rate of 2.1996 to the December average rate of 2.0100, the exchange rate registered a net change of -8.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.2403 was down 2.48% compared to the 2013 peak of 2.2973, 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 11,202 NPR

2013 Average 10,078 NPR

Yearly Trough Low 9,903 NPR

Transaction Impact: A difference of 1,298.77 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.2252

1.9794

JanuMarcMayJulySeptNove

MKD to NPR 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 2.1662, compared to 2.0529 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1132 points.

H1 Avg (Jan–Jun) 2.1662

H2 Avg (Jul–Dec) 2.0529

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.1073 NPR (High: 2.1784 / Low: 2.0711). On the other end, July was the most stable month, with a tight range of 0.0230 NPR (High: 2.1364 / Low: 2.1133).

May Spread (Volatile) ±0.1073

July Spread (Stable) ±0.0230

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 August and September, when the average rate fell by 0.0667 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0667

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 2.1996) against the same month in 2013 (average: 1.8416), the exchange rate shifted by +0.3580 (+19.44%).

2014 Avg (January) 2.1996

2013 Avg (January) 1.8416

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2403	2.1724	2.1996
February	2.2186	2.1926	2.2048
March	2.2213	2.1338	2.1916
April	2.1886	2.1367	2.1663
May	2.1784	2.0711	2.1250
June	2.1306	2.0895	2.1098
July	2.1364	2.1133	2.1205
August	2.1415	2.0782	2.1149
September	2.0843	2.0207	2.0482
October	2.0462	2.0084	2.0242
November	2.0167	1.9862	1.9999
December	2.0521	1.9806	2.0100