2014 MKD to RUB Historical Review

YEARLY HIGH

1.3900 RUB

YEARLY LOW

0.7316 RUB

YEARLY AVERAGE

0.8273 RUB

2014 MKD to RUB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 1.3900. Conversely, the yearly low was recorded on January 12, dropping to 0.7316.

This high-to-low spread represents a total annual volatility of 0.6584 RUB. From a start-to-finish perspective, comparing the January average rate of 0.7461 to the December average rate of 1.1267, the exchange rate registered a net change of 51.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.3900 was up 88.89% compared to the 2013 peak of 0.7359, 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 6,950 RUB

2013 Average 3,426 RUB

Yearly Trough Low 3,658 RUB

Transaction Impact: A difference of 3,291.93 RUB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.1648

0.7081

JanuMarcMayJulySeptNove

MKD to RUB 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 0.7790, compared to 0.8756 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0965 points.

H1 Avg (Jan–Jun) 0.7790

H2 Avg (Jul–Dec) 0.8756

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.3690 RUB (High: 1.3900 / Low: 1.0210). On the other end, August was the most stable month, with a tight range of 0.0196 RUB (High: 0.7941 / Low: 0.7745).

December Spread (Volatile) ±0.3690

August Spread (Stable) ±0.0196

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0212 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0212

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.1267) against the same month in 2013 (average: 0.7308), the exchange rate shifted by +0.3959 (+54.18%).

2014 Avg (December) 1.1267

2013 Avg (December) 0.7308

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7756	0.7316	0.7461
February	0.8047	0.7618	0.7805
March	0.8261	0.7868	0.8109
April	0.8150	0.7840	0.7996
May	0.8064	0.7558	0.7784
June	0.7747	0.7446	0.7586
July	0.7851	0.7503	0.7655
August	0.7941	0.7745	0.7845
September	0.8133	0.7790	0.7980
October	0.8851	0.8107	0.8410
November	1.0112	0.8758	0.9376
December	1.3900	1.0210	1.1267