2014 MKD to PEN Historical Review

YEARLY HIGH

0.0634 PEN

YEARLY LOW

0.0587 PEN

YEARLY AVERAGE

0.0612 PEN

2014 MKD to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.0634. Conversely, the yearly low was recorded on November 24, dropping to 0.0587.

This high-to-low spread represents a total annual volatility of 0.0047 PEN. From a start-to-finish perspective, comparing the January average rate of 0.0622 to the December average rate of 0.0593, the exchange rate registered a net change of -4.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0634 was up 0.91% compared to the 2013 peak of 0.0629, 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 317 PEN

2013 Average 291 PEN

Yearly Trough Low 294 PEN

Transaction Impact: A difference of 23.63 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0633

0.0587

JanuMarcMayJulySeptNove

MKD to PEN 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 0.0623, compared to 0.0601 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0623

H2 Avg (Jul–Dec) 0.0601

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0023 PEN (High: 0.0633 / Low: 0.0611). On the other end, February was the most stable month, with a tight range of 0.0008 PEN (High: 0.0627 / Low: 0.0619).

May Spread (Volatile) ±0.0023

February Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between 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 0.0009 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.0629) against the same month in 2013 (average: 0.0548), the exchange rate shifted by +0.0081 (+14.87%).

2014 Avg (March) 0.0629

2013 Avg (March) 0.0548

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0627	0.0617	0.0622
February	0.0627	0.0619	0.0623
March	0.0634	0.0624	0.0629
April	0.0631	0.0623	0.0626
May	0.0633	0.0611	0.0622
June	0.0620	0.0611	0.0616
July	0.0620	0.0612	0.0614
August	0.0615	0.0606	0.0610
September	0.0610	0.0591	0.0602
October	0.0602	0.0591	0.0598
November	0.0597	0.0587	0.0591
December	0.0602	0.0589	0.0593