2014 MKD to VEF Historical Review

YEARLY HIGH

0.1423 VEF

YEARLY LOW

0.1249 VEF

YEARLY AVERAGE

0.1359 VEF

2014 MKD to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 7, valuing the pair at 0.1423. Conversely, the yearly low was recorded on December 30, dropping to 0.1249.

This high-to-low spread represents a total annual volatility of 0.0174 VEF. From a start-to-finish perspective, comparing the January average rate of 0.1393 to the December average rate of 0.1264, the exchange rate registered a net change of -9.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1423 was up 0.01% compared to the 2013 peak of 0.1423, 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 711 VEF

2013 Average 628 VEF

Yearly Trough Low 624 VEF

Transaction Impact: A difference of 87.02 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1426

0.1249

JanuMarcMayJulySeptNove

MKD to VEF 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 0.1400, compared to 0.1318 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) 0.1400

H2 Avg (Jul–Dec) 0.1318

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0058 VEF (High: 0.1346 / Low: 0.1288). On the other end, June was the most stable month, with a tight range of 0.0007 VEF (High: 0.1393 / Low: 0.1385).

September Spread (Volatile) ±0.0058

June Spread (Stable) ±0.0007

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 0.0042 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.1404) against the same month in 2013 (average: 0.1324), the exchange rate shifted by +0.0079 (+5.99%).

2014 Avg (May) 0.1404

2013 Avg (May) 0.1324

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1408	0.1382	0.1393
February	0.1405	0.1379	0.1393
March	0.1422	0.1402	0.1411
April	0.1417	0.1399	0.1410
May	0.1423	0.1389	0.1404
June	0.1393	0.1385	0.1389
July	0.1396	0.1384	0.1387
August	0.1384	0.1348	0.1365
September	0.1346	0.1288	0.1323
October	0.1307	0.1285	0.1295
November	0.1283	0.1265	0.1272
December	0.1280	0.1249	0.1264