2014 MVR to MKD Historical Review

YEARLY HIGH

3.3102 MKD

YEARLY LOW

2.8680 MKD

YEARLY AVERAGE

3.0161 MKD

2014 MVR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MVR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 3.3102. Conversely, the yearly low was recorded on March 19, dropping to 2.8680.

This high-to-low spread represents a total annual volatility of 0.4423 MKD. From a start-to-finish perspective, comparing the January average rate of 2.9341 to the December average rate of 3.2681, the exchange rate registered a net change of 11.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 3.3102 was up 5.59% compared to the 2013 peak of 3.1350, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MVR based on timing:

Yearly Peak High 16,551 MKD

2013 Average 15,127 MKD

Yearly Trough Low 14,340 MKD

Transaction Impact: A difference of 2,211.40 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

3.3054

2.8578

JanuMarcMayJulySeptNove

MVR to MKD 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 2.9171, compared to 3.1150 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1979 points.

H1 Avg (Jan–Jun) 2.9171

H2 Avg (Jul–Dec) 3.1150

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.1328 MKD (High: 3.1737 / Low: 3.0409). On the other end, June was the most stable month, with a tight range of 0.0248 MKD (High: 2.9420 / Low: 2.9172).

September Spread (Volatile) ±0.1328

June Spread (Stable) ±0.0248

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0373 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0373

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 3.2681) against the same month in 2013 (average: 2.9234), the exchange rate shifted by +0.3447 (+11.79%).

2014 Avg (December) 3.2681

2013 Avg (December) 2.9234

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9615	2.9048	2.9341
February	2.9579	2.9038	2.9324
March	2.9164	2.8680	2.8951
April	2.9248	2.8818	2.8968
May	2.9317	2.8762	2.9092
June	2.9420	2.9172	2.9353
July	2.9600	2.9234	2.9456
August	3.0395	2.9483	2.9973
September	3.1737	3.0409	3.0957
October	3.1839	3.1291	3.1565
November	3.2521	3.1909	3.2268
December	3.3102	3.2257	3.2681