2014 MKD to STD Historical Review

YEARLY HIGH

402.2479 STD

YEARLY LOW

393.7775 STD

YEARLY AVERAGE

398.0612 STD

2014 MKD to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 402.2479. Conversely, the yearly low was recorded on February 25, dropping to 393.7775.

This high-to-low spread represents a total annual volatility of 8.4703 STD. From a start-to-finish perspective, comparing the January average rate of 398.5504 to the December average rate of 398.4248, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 402.2479 was down 2.20% compared to the 2013 peak of 411.2842, 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 2,011,239 STD

2013 Average 1,985,350 STD

Yearly Trough Low 1,968,888 STD

Transaction Impact: A difference of 42,351.74 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

399.0865

397.1924

JanuMarcMayJulySeptNove

MKD to STD 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 397.9146, compared to 398.2079 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2932 points.

H1 Avg (Jan–Jun) 397.9146

H2 Avg (Jul–Dec) 398.2079

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 7.4274 STD (High: 402.2479 / Low: 394.8205). On the other end, June was the most stable month, with a tight range of 2.2420 STD (High: 399.1656 / Low: 396.9236).

July Spread (Volatile) ±7.4274

June Spread (Stable) ±2.2420

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.0249 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.0249

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 398.1973) against the same month in 2013 (average: 398.9345), the exchange rate shifted by -0.7372 (-0.18%).

2014 Avg (July) 398.1973

2013 Avg (July) 398.9345

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	400.8866	396.6054	398.5504
February	399.4641	393.7775	397.5255
March	398.6208	396.0453	397.5320
April	399.6807	396.3417	397.9454
May	399.7818	395.9054	398.1573
June	399.1656	396.9236	397.7771
July	402.2479	394.8205	398.1973
August	401.8120	397.7084	398.9287
September	400.8099	395.5541	398.6041
October	399.7196	395.3463	397.7420
November	399.0222	395.4947	397.3503
December	401.9832	396.6187	398.4248