2014 MKD to RON Historical Review

YEARLY HIGH

0.0739 RON

YEARLY LOW

0.0709 RON

YEARLY AVERAGE

0.0722 RON

2014 MKD to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 0.0739. Conversely, the yearly low was recorded on June 30, dropping to 0.0709.

This high-to-low spread represents a total annual volatility of 0.0029 RON. From a start-to-finish perspective, comparing the January average rate of 0.0735 to the December average rate of 0.0725, the exchange rate registered a net change of -1.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0739 was down 0.61% compared to the 2013 peak of 0.0743, 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 369 RON

2013 Average 358 RON

Yearly Trough Low 355 RON

Transaction Impact: A difference of 14.71 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0737

0.0710

JanuMarcMayJulySeptNove

MKD to RON 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 0.0724, compared to 0.0719 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0724

H2 Avg (Jul–Dec) 0.0719

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0015 RON (High: 0.0726 / Low: 0.0711). On the other end, June was the most stable month, with a tight range of 0.0006 RON (High: 0.0716 / Low: 0.0709).

July Spread (Volatile) ±0.0015

June Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between June and August, 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 January and February, when the average rate fell by 0.0007 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.0735) against the same month in 2013 (average: 0.0699), the exchange rate shifted by +0.0036 (+5.10%).

2014 Avg (January) 0.0735

2013 Avg (January) 0.0699

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0739	0.0728	0.0735
February	0.0734	0.0721	0.0728
March	0.0736	0.0723	0.0729
April	0.0729	0.0720	0.0724
May	0.0723	0.0711	0.0718
June	0.0716	0.0709	0.0713
July	0.0726	0.0711	0.0718
August	0.0726	0.0714	0.0720
September	0.0724	0.0714	0.0718
October	0.0722	0.0712	0.0717
November	0.0721	0.0712	0.0718
December	0.0731	0.0718	0.0725