2014 MKD to WST Historical Review

YEARLY HIGH

0.0525 WST

YEARLY LOW

0.0476 WST

YEARLY AVERAGE

0.0504 WST

2014 MKD to WST Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MKD to WST exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 0.0525. Conversely, the yearly low was recorded on December 31, dropping to 0.0476.

This high-to-low spread represents a total annual volatility of 0.0050 WST. From a start-to-finish perspective, comparing the January average rate of 0.0516 to the December average rate of 0.0481, the exchange rate registered a net change of -6.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0525 was down 0.06% compared to the 2013 peak of 0.0526, 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 263 WST

2013 Average 249 WST

Yearly Trough Low 238 WST

Transaction Impact: A difference of 24.79 WST purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0525

0.0477

JanuMarcMayJulySeptNove

MKD to WST 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 0.0515, compared to 0.0493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0515

H2 Avg (Jul–Dec) 0.0493

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 0.0014 WST (High: 0.0509 / Low: 0.0495). On the other end, April was the most stable month, with a tight range of 0.0006 WST (High: 0.0519 / Low: 0.0513).

August Spread (Volatile) ±0.0014

April Spread (Stable) ±0.0006

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 0.0009 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.0521) against the same month in 2013 (average: 0.0485), the exchange rate shifted by +0.0036 (+7.33%).

2014 Avg (March) 0.0521

2013 Avg (March) 0.0485

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0521	0.0511	0.0516
February	0.0522	0.0512	0.0518
March	0.0525	0.0513	0.0521
April	0.0519	0.0513	0.0515
May	0.0518	0.0504	0.0510
June	0.0513	0.0505	0.0508
July	0.0509	0.0501	0.0506
August	0.0509	0.0495	0.0501
September	0.0497	0.0487	0.0492
October	0.0493	0.0486	0.0489
November	0.0493	0.0481	0.0485
December	0.0487	0.0476	0.0481