2014 MKD to SZL Historical Review

YEARLY HIGH

0.2477 SZL

YEARLY LOW

0.2206 SZL

YEARLY AVERAGE

0.2340 SZL

2014 MKD to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 29, valuing the pair at 0.2477. Conversely, the yearly low was recorded on November 23, dropping to 0.2206.

This high-to-low spread represents a total annual volatility of 0.0271 SZL. From a start-to-finish perspective, comparing the January average rate of 0.2403 to the December average rate of 0.2303, the exchange rate registered a net change of -4.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.2477 was up 5.11% compared to the 2013 peak of 0.2357, 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 1,238 SZL

2013 Average 1,038 SZL

Yearly Trough Low 1,103 SZL

Transaction Impact: A difference of 135.73 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.2450

0.2222

JanuMarcMayJulySeptNove

MKD to SZL 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 0.2381, compared to 0.2298 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0082 points.

H1 Avg (Jan–Jun) 0.2381

H2 Avg (Jul–Dec) 0.2298

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0138 SZL (High: 0.2368 / Low: 0.2230). On the other end, June was the most stable month, with a tight range of 0.0055 SZL (High: 0.2378 / Low: 0.2322).

December Spread (Volatile) ±0.0138

June Spread (Stable) ±0.0055

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 March and April, when the average rate fell by 0.0044 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.2403) against the same month in 2013 (average: 0.1861), the exchange rate shifted by +0.0542 (+29.10%).

2014 Avg (January) 0.2403

2013 Avg (January) 0.1861

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2477	0.2355	0.2403
February	0.2468	0.2379	0.2431
March	0.2445	0.2359	0.2409
April	0.2394	0.2335	0.2365
May	0.2372	0.2284	0.2322
June	0.2378	0.2322	0.2354
July	0.2377	0.2313	0.2350
August	0.2350	0.2282	0.2313
September	0.2335	0.2256	0.2305
October	0.2321	0.2236	0.2280
November	0.2275	0.2206	0.2241
December	0.2368	0.2230	0.2303