2014 MKD to VUV Historical Review

YEARLY HIGH

2.1799 VUV

YEARLY LOW

1.9871 VUV

YEARLY AVERAGE

2.0783 VUV

2014 MKD to VUV Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to VUV exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 2.1799. Conversely, the yearly low was recorded on November 8, dropping to 1.9871.

This high-to-low spread represents a total annual volatility of 0.1927 VUV. From a start-to-finish perspective, comparing the January average rate of 2.1340 to the December average rate of 2.0451, the exchange rate registered a net change of -4.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.1799 was up 0.15% compared to the 2013 peak of 2.1766, 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 10,899 VUV

2013 Average 10,095 VUV

Yearly Trough Low 9,936 VUV

Transaction Impact: A difference of 963.66 VUV purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.1696

1.9842

JanuMarcMayJulySeptNove

MKD to VUV 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 2.1212, compared to 2.0353 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0859 points.

H1 Avg (Jan–Jun) 2.1212

H2 Avg (Jul–Dec) 2.0353

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0788 VUV (High: 2.0818 / Low: 2.0030). On the other end, July was the most stable month, with a tight range of 0.0182 VUV (High: 2.0803 / Low: 2.0621).

December Spread (Volatile) ±0.0788

July Spread (Stable) ±0.0182

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 March and April, when the average rate fell by 0.0430 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0430

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 2.1541) against the same month in 2013 (average: 1.9321), the exchange rate shifted by +0.2220 (+11.49%).

2014 Avg (March) 2.1541

2013 Avg (March) 1.9321

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1718	2.1112	2.1340
February	2.1586	2.1084	2.1388
March	2.1799	2.1109	2.1541
April	2.1374	2.0946	2.1111
May	2.1370	2.0803	2.1043
June	2.1169	2.0670	2.0849
July	2.0803	2.0621	2.0704
August	2.0659	2.0358	2.0480
September	2.0433	1.9965	2.0178
October	2.0445	2.0065	2.0310
November	2.0210	1.9871	1.9996
December	2.0818	2.0030	2.0451